Blog Archive

A mortgage is a legal and binding contract that is full of stipulations. One of which is to make sure all of your payments are made on time. Another stipulation is that you carry a homeowners insurance policy that will cover the cost of your mortgage if your home is ever damaged or destroyed. If you allow your homeowners insurance

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California does not require a homeowner to carry insurance on their house or personal property. Lenders who offer mortgages, however, do require it. In most cases, homeowners in California will do whatever they can to protect their homes and belongings. This includes purchasing flood insurance in addition to your homeowners policy. If you don’t purchase a homeowners policy and the

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Homeowners insurance doesn’t typically cover earthquakes. So as a California homeowner, you should carry earthquake insurance if your property is to be fully protected. On average, in California, earthquake insurance costs $3.54 for every $1,000 of insurance coverage. This means to insure your single-family home at a $600,000 replacement cost, you’ll need to pay $2,124 in annual premium. In general,

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If you file a car insurance claim, your insurer will likely consider you high risk, and therefore, raise your premiums. They will further increase your premium if you file multiple car insurance claims in three years. The period (either the same week or a year apart) between two claims doesn’t matter, as the insurer will consider all claims filed within

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Homeowners’ insurance claims payout periods vary depending on your state and insurance company’s requirements. However, the process of settling claims typically follows certain procedures. Here is a look at how a claim is assessed and paid. How Is Damage Assessed During a Claim? Once you file a claim for property damage, an adjuster will visit the property to examine what

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Renters insurance coverage can be an ideal safety net for your personal belongings. It can cover a broad range of valuables you’ve acquired over time against loss resulting from theft or damage due to a fire or natural event. The right renters policy would provide this financial protection wherever the loss occurs, be it in your house, personal car, store,

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From an insurance perspective, condominium ownership differs from other types of home ownership in a few key ways. So, if you just bought a new condo, you may have a few condo insurance FAQs about how the coverage works. Read on to find the answers that can help you decide the best way to protect yourself. What to Know About

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Pet insurance is becoming more popular for fur baby parents who want to protect their animals just like they protect the rest of the family. With the cost of owning a pet rising along with everything else, it stands to reason that insuring your animals is a wise investment. Pet insurance offers many different types of coverage that will cover

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Your RV insurance costs won’t automatically go up just because you’ve filed a claim. In case you file an insurance claim, an adjuster will assess the related incident photos and police report and talk to witnesses of the accident. Whether your rates will rise depends on liability and fault. Here’s detailed information on this topic. Fault or At-Fault At-fault insurance

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