Home insurance and mortgages are often topics many homeowners search endlessly for answers about. The benefits of obtaining home insurance in relation to a mortgage depend on your geographic location and other factors. Below we will look at the general benefits home insurance brings.
What is home insurance?
First off, home owner insurance is coverage for your home in case of damage by fire, theft, and other natural disasters. Depending on the area where you live, it may be necessary to get additional coverages such as flooding or earthquakes events. Home insurance also protects the home owner from liability if a guest is injured in the home. Homeowner pays a deductible usually between $500 - $1000 a year, and anything over that dollar amount is
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