HOME INSURANCE 101

What is Condo Insurance? If you own a condo, just like a single family home, you need insurance. It’s not homeowners insurance, rather it’s condo insurance  – sometimes referred to as an “HO6” policy. But what is condo insurance and what makes it different from homeowners? Like your home insurance, condo insurance can cover liability claims, […]

Does Home Insurance Cover Water Damage? The obvious answer to this question should be a simple yes, but it actually “depends.” The way your home insurance policy protects you from water damage is complicated and depends on the situation and source of the water. Under the average home policy, if the damage caused by water […]

Understanding the Basics of a Flood Insurance Policy Your home insurance policy doesn’t cover water damage when it’s caused by a flood. In fact, it will likely have a specific exclusion for this type of damage. This means,  if you live in a designated flood zone, you’ll want to purchase a separate flood insurance policy. […]

Tips to Get the Cheapest Home Insurance Premium For most of us, our home is one of the most significant investments we’ll make. For this reason alone, homeowners insurance is one of the most important insurance policies we’ll buy. Just because it’s important doesn’t mean you have to pay extremely high premiums for a good […]

Home Insurance Tips for the First Time Home Buyer You’ve decided to buy a home and you’ve done all your homework and made your offer. Maybe you’re still thinking about buying a new home. Either way, you’re likely bound for a first time home buyer status. But before you can close escrow on your new […]

How Much Does Home Insurance Cost? According to NerdWallet, the average cost of homeowners insurance ranges from $483 ($40/month) to $3,644 ($304/month). The big difference in home insurance cost is driven by a few factors, including the state where you live, location within the state, claims history, and characteristic and size of your home, and […]

What is Personal Liability Coverage? Every home insurance policy includes personal liability coverage. It’s the coverage that is designed to protect you financially if you’re determined to be responsible for damages or injuries to other people. If you have a family, personal liability also extends to household members. This means, if your teenager accidentally damages […]

How Much Home Insurance Do You Really Need? As a homeowner, it’s important to have the right amount of insurance coverage to protect your property and finances in case of unexpected events. But how do you know if you have the right amount of homeowner’s insurance? Let’s explore some key elements of home insurance coverage […]

How Does Homeowners Insurance Work? When you buy a home your lender makes having homeowners insurance a condition of your mortgage. So you buy it. But do you really know how much home insurance you’ll need, or how much it will cost? Even after you get answers to those two questions, you’re still probably wondering […]

Importance of Home Insurance to the New Home Buyer Growing up in sunny California is great, even if you sell homeowners and auto insurance. 🙂 But there is one thing that our suntans, great weather, and awesome beaches can’t conceal, and that’s the real price of California home ownership. For this reason, home ownership quickly […]