by: Christine Zafra If you think those are living in mobile homes cannot qualify for an insurance, you’re wrong. The seventh type of policy, the HO-7, are catered especially for them. If mobile home owners had their homes burglared, they can file for a claim for those things that have been reported missing (if it [...]
by: Christine Zafra The HO-6 policy is akin to HO-4 except for the fact that HO-6 covers those who dwell in condominiums. This policy is dual in nature, covering the property where the condominium or building is located, and the unit of the house inside the building (where you reside). This coverage is said to [...]
by: Christine Zafra If the policies HO-1, HO-2, HO-3 and HO-5 all cover the houses with their owners living inside, HO-4 covers the renters. Every apartment for rent has a blanket policy (a policy that covers things in clusters like the “living room” of an apartment compared to the “sofa” in the living room); however, [...]
by: Christine Zafra HO-3 on the other hand covers the entirety of the insured house. It is the most common policy insurance companies normally offer to their customers. It covers the infrastructure itself (the house) and the contents (things) found inside it from a number of liabilities caused by you or anyone else. In layman’s [...]
by: Christine Zafra The HO-2 is somewhat similar with the HO-1 type of policy, however, the difference lies with the “object” that is insured. If HO-1 deals with movable valuable things such as paintings and vases, HO-2 on the other hand insures part of the house. If your swimming pool, say has been hit by [...]
by: Christine Zafra Do you have valuable resources in your home? How about a painting you bought at an auction? Or perhaps a China cabinet that has gold plated utensils inside? If you have these, then might as well get an insurance before something happens (a fire maybe?). There is type of insurance that covers [...]
Homeowners’ insurance policy is planned to save your home and lots of the personal items inside the house. But what if you are staying in a new and other person’s home or a rental property, will you still be covered? The majority of basic homeowner’s policies will pay up to ten percent of your policy’s [...]
Home insurance is a contract in effect for a specific time. Payments made by the insured to the insurer are referred to as premium. Premiums can be paid in full, installments or charged. The lesser the chance for the house to be destroyed or damaged, the lower the payments made. Some areas offer perpetual insurance [...]