Why Mortgage Lenders Require Homeowners to Buy Home Insurance

Mortgage lenders will require you to purchase a homeowners insurance policy to help repair or rebuild the home in case of a potential fire or storm damage. After getting approved for a mortgage, you will be required to provide multiple documents to officially close on the loan. The required documents include proof of homeowners insurance Read More

Will My Homeowners Insurance Cover Damages Caused By Burst Pipes?

Consider this scenario. After a long and stressful day at work, you come home, only to find water running out from under your kitchen door. You quickly approach the door, run into the kitchen and find the source of this internal flood- a burst pipe under the kitchen sink. Repairing and replacing the burst pipes Read More

Tips for Lowering Your Homeowners Insurance Cost

Owning a house comes with significant expenses. However, the amount paid for home insurance will differ depending on factors such as your age and the location of your home. On average, homeowners insurance premium coverage costs $1200 per annum. Most mortgage companies require you to get a certain level of homeowners insurance. The first step Read More