Home Insurance

Home warranty and home insurance are terms many people use interchangeably. However, both have very different meanings from one another. A home warranty offers coverage for the repair and replacement of major appliances and systems in the home. Usually warranties last for one year or more and can possibly be renewed afterwards. A typical homeowners insurance policy provides financial protection in the event of an accident or disaster happening to the home.

It’s worth mentioning that home insurance and home warranty are both important tools that play a crucial role in reducing financial burden. However, both tools play very different roles for homeowners.

In this article we will talk about home insurance vs. home warranty and why you need it.

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Dealing with mold can be quite a headache for any homeowner. The damage it can cause can be quite extensive and can cost hundreds of thousands of dollars in repairs. Not to mention, it can be extremely detrimental to you or your family’s health.

In fact, there’s several types of mold and some are more dangerous than others. Mold can grow more rapidly in your home due to warmer climates or water damage. Ultimately, the best way to avoid this stressful situation is to regularly clean your home and monitor it for any water damage. However, we can’t always prevent disasters from striking.

In this article we will discuss whether or not mold is covered under your homeowners insurance policy.

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Hurricane Ida has proven to be one of the most disastrous hurricanes in the past few years. The Consumer Federation of America pointed out that the National Flood Insurance Program and private insurers will pay for the damages. More specifically, the damage will cost insurers an estimated $31 billion.

If your home was one of the many to fall victim to the hurricane, you should be filing a claim with your homeowners insurance. As long as you have insurance coverage, you won’t have to cover the expenses yourself. However, no private insurance company has a policy for flood damage, as that is something that the NFIP covers.

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The companies that make a profit from your “history with money” will dig up your credit score one way or another. If your ratings in particular areas are good, you get plenty of benefits. However, if one of these records is in poor shape or is unsatisfactory, it becomes challenging to invest in property, buy a car, or even find a reasonable insurance policy.

Your credit score rating will dictate a lot of the decisions you make and your purchases. In fact, it can even affect the rates you pay on your insurance.

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Pesky bugs or insects can cause severe property damage. This may sound surprising, but termites cause $5 billion in property damage each year. This is according to the latest survey by the National Pest Management Association.

It makes “will my homeowners insurance cover termite damage” a worthy question to ask. Keep on reading to learn the answer.

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Over the past few months there’s been an increase in homeowners policies not being renewed. This is because many insurance companies have steered clear of high risk areas. While many Californians struggle to find the right coverage, a large group of Floridians have to deal with nonrenewals amidst hurricane season.

Since hurricane and wildfire season is here, having the right coverage is more important than ever for your home’s safety. But what if your insurer refuses to renew your homeowners insurance policy? Here are some options if you find yourself in this situation.

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Who would think that a laptop could catch fire? The statistics are pretty surprising.

In 2007-2011, there were an estimated 730 reported U.S. home structure fires involving office equipment per year, resulting in:

• 11 civilian deaths per year
• 51 civilian injuries per year
• $28 million in direct property damage per year

Forty-eight percent of the time, a computer was the cause of the fire. So, what causes the fires?

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