Sentences with phrase «known as homeowners insurance»

The first insurance policy a homeowner should consider is hazard insurance, which is sometimes known as homeowners insurance.

Not exact matches

Homeowners who pay private mortgage insurance — or what's known as PMI — recently began receiving amended 1098 — Mortgage Interest Statement from their mortgage lenders.

Paying your insurance as part of your mortgage is known as «escrowing» your insurance, a process which is optional for some homeowners and mandatory for others.

A mortgage impound account — also known as an escrow impound account — is a financial account set up by a lender or loan servicer to collect the expenses of property taxes, homeowner's insurance and mortgage insurance (if applicable).

Instead of taking on private mortgage insurance, some homeowners have managed to avoid a 20 percent down payment by securing a piggyback loan (also known as the 80 - 20 loan).

Your lender will require that you have a homeowner's insurance policy in effect at settlement, also known as hazard insurance.

Having homeowners insurance (also known as hazard insurance) is a requirement before a lending institution will allow you to obtain a mortgage or complete a home sale.

As a homeowner, you know how often houses demand minor to extensive repairs and that regular homeowner's insurance plans fail to assist with those services.

The Homeowners Protection Act (HOPA), also known as the «PMI Cancellation Act», is a federal law passed in 1998 that gives homeowners the right to cancel a mortgage insurance policy once equity requirementHomeowners Protection Act (HOPA), also known as the «PMI Cancellation Act», is a federal law passed in 1998 that gives homeowners the right to cancel a mortgage insurance policy once equity requirementhomeowners the right to cancel a mortgage insurance policy once equity requirements are met.

Just as you shouldn't assume that a vacation home you own is covered by your homeowners insurance policy on your primary residence, it's important to know that a recreational vehicle usually requires coverage separate from your traditional automobile insurance.

A homeowners insurance policy typically protects your home and other structures, such as a fence or shed, against specific causes of loss, known as perils.

If your five - year - old fur coat is no longer worth the $ 5,000 you paid for it, you'll want to reduce or cancel your floater (extra insurance for items whose full value is not covered by standard homeowners policies such as expensive jewelry, high - end computers and valuable art work) and pocket the difference.

When you sell the property or no longer occupy your home as your primary residence for a period of 12 months or longer, or fail to maintain the property taxes and homeowners insurance.

Mobile home insurance, also known as manufactured home insurance, is much like a homeowners insurance policy in the sense that it provides financial protection in the event that your home is damaged.

Paying your insurance as part of your mortgage is known as «escrowing» your insurance, a process which is optional for some homeowners and mandatory for others.

Many companies are now including ID theft insurance as part of the homeowner's policy so you may already have identity theft insurance and just don't know it.

Some think that you should wait to buy renters insurance until you're no longer able to be endorsed onto your parents» homeowners policy as a student living away from home.

Condo insurance is also known as HO - 6 homeowners insurance.

Personal catastrophe liability insurance coverage, also known as personal umbrella insurance, gives you and your family an extra layer of protection above the limits in your auto, homeowners or boat insurance policy.

If you have renters or homeowners insurance, the personal property coverage on that policy typically helps cover your personal items through what's known as «off - premises coverage.»

Borrower - Paid Private Mortgage Insurance: It's is even known as «Traditional Mortgage Insurance,» they are default policy where the homeowners have to pay mortgage loans offered by the private insurers.

The home insurance policy is a contract between the homeowner, also known as the insured, and the insurance company.

The Coverage A section of your Homeowners Insurance, known as Dwelling Coverage, offers protection against direct physical damage caused to the dwelling, including rooms, fireplaces, carpeting, tile floors and elements of decor.

As a first - time homebuyer you may want to know that even though you have very limited control over your homeowner's insurance policy premium, you can avoid pitfalls by knowing what they are and what they do.

We don't know if it carries the world's most expensive homeowners insurance policy, but as the world's most expensive home, we feel pretty comfortable with our assumption that it falls somewhere in the top 1 % of policies globally.

Known officially as Liberty Mutual Group, this company specializes in offering tailored insurance products and services to consumers in a variety of areas, including homeowners, personal auto, general liability, and workers» compensation.

Your homeowner's insurance agent already knows you and will be very appreciative of the chance to offer car insurance as well.

As a homeowner, it's always a good idea to know the limits and exclusions of your insurance policy.

The fact that homebuyers don't routinely make this request should come as no surprise, given that three - quarters of homeowners don't know that claims made by previous owners can affect their own home insurance rate.

But did you know Life insurance can also contribute to that down payment, and even help cover you as a new homeowner?

Some types of clauses are common and well - known, such as a flood damage clause in a homeowner's policy or a suicide clause in life insurance policy.

Just as you shouldn't assume that a vacation home you own is covered by your homeowners insurance policy on your primary residence, it's important to know that a recreational vehicle usually requires coverage separate from your traditional automobile insurance.

As Indiana residents, Trusted Choice Independent Insurance Agents know what risks you face as a homeowneAs Indiana residents, Trusted Choice Independent Insurance Agents know what risks you face as a homeowneas a homeowner.

Did you know that some boat insurance companies provide limited coverage for property damage for small boats such as canoes and small sailboats or small powerboats with less than 25 mile per hour horsepower under a homeowners or renters insurance policy if they are located on your property?

While regular homeowners insurance covers damages to the home and contents, condo insurance, also known as HO6 insurance, covers property damage and liability risks for condo owners inside the condo only.

We know insurance can be confusing to consumers, so as professionals, we have tried through these illustrations to simplify homeowners insurance terms and inform you about your needs.

Remember to that if you can combine home insurance or homeowners insurance (as it is known) with auto insurance you can potentially save a substantial amount on both policy types by buying both types of insurance as «companion policies» through the same insurance company.

The insurance industry safeguards the assets of its policyholders by transferring what is know as «Risk» (exposure to the hazard or chance of loss), from an individual or business to an insurance company for homeowners insurance, renter's insurance, auto insurance, boat insurance, motorcycle insurance, life insurance, health insurance and business insurance for the most part.

Did you know that, as a renter, you can protect yourself with insurance just like a homeowner can and should?

Performing a homeowners insurance price comparison is just as easy as comparing auto insurance quotes, as long as you know where to look.

A condo insurance policy, also known as an H - 06 policy, is a type of homeowners insurance that is specifically tailored to meet the unique coverage needs of condominium owners.

Southwest Columbus renters insurance is a particular form of homeowner's coverage known as the H03 policy.

Condominium insurance, also known as H - 06 insurance, is a specific type of homeowners insurance designed to meet the unique needs of condo owners.

As you can see, there is a lot to know when it comes to your homeowner insurance policy.

You will need Homeowners Form 6 insurance, also known as an HO6 policy, which is specifically made for condos.

Trusted Choice ® Independent Insurance Agents know the hazards you face as a homeowner.

As a Massachusetts resident, your local Trusted Choice insurance agent knows the unique hazards that your Stoughton homeowners policy needs to address.

This type of coverage, also known as HO6 insurance, is a special form of homeowners insurance that excludes certain areas most homeowners must insure such as the parking areas, outbuildings and grounds.

Austin condominium insurance, also known as H - 06 insurance, is a type of homeowners insurance designed specifically to meet the unique needs of condo owners.

Some think that you should wait to buy renters insurance until you're no longer able to be endorsed onto your parents» homeowners policy as a student living away from home.