Homeowners Insurance: What You Need to Know
Owning a home is one of the biggest financial investments most people will ever make. To protect that investment, homeowners insurance is essential. It provides financial protection in the event of damage to your property or personal belongings and covers liability for accidents that happen on your property. But what exactly does homeowners insurance cover, and how do you know if you’re getting the right policy? Let's break it down.
What Is Homeowners Insurance?
Homeowners insurance is a type of property insurance that covers your home, its contents, and liability for accidents that might occur in or around your home. Most mortgage lenders require it as a condition of the loan to ensure that the property they’re financing is protected. Even if you own your home outright, it’s wise to...