Buying homeowners insurance for a condominium is slightly different than buying a policy for a single-family home. This is because condos have building associations that insure the shared features of the complex. Before you purchase your insurance coverage, it is important to know what your responsibilities are.
What the Association Covers
While each condo association insurance
I have a Credit Score?
Homeowners insurance is a requirement for almost any home purchase these days. Mortgage lenders want to protect their investment as much as the homebuyer does. And just as lenders determine your loan interest rate and terms largely on your credit score, insurance companies also use your score to determine how much to charge you for premiums.
What is a Credit
Homebuyers are required in almost every instance to buy a homeowners insurance policy for their desired piece of real estate. This protects the owner and the mortgage lender against losses caused by damage to the property, either from natural disasters or from human-made destruction. One of the main concerns of many homebuyers, however, is how much the insurance will cost. While there is
Homeowners insurance exists because a home is a huge investment, often one of the largest purchases many people make in their lifetimes. Naturally, people want to protect the value of their precious property. Homeowners insurance is a contract between a homeowner and an insurance company. As long as the owner pays the required premiums and meets the other policy requirements,