When disaster strikes, you need backup. A house is a big investment, so you need to get insurance to protect yourself against loss. Here are five sites that will allow you to survey what’s out there and compare a handful of home insurance plans online without spending time on hold, waiting for an available insurance […]
What to consider when searching for life insurance quotes
Each life insurance policy has these four main, important parts to consider when seeking life insurance quotes: the premium (or amount to be paid in set payments), the death benefit (amount to be paid to beneficiaries after death of the policyholder), the term (amount of time the […]
Endowment insurance basics
It is important to know the exact terms of your contract when signing an endowment policy to avoid getting caught with any disappointing surprises in the instance a tragedy should occur. Important factors to pay attention to when purchasing an endowment insurance policy include: the length and terms of coverage, the benefits at […]
The four main types of insurance listed below are the most common types of home insurance.
Buildings Insurance
Buildings insurance covers the physical structure of your house: your walls, garage, the roof and all permanent fixtures. Most banks require you to have some kind of buildings insurance coverage before you get a mortgage.
Contents Insurance
Contents insurance covers everything […]
Renters insurance is usually pretty cheap and it can save you a ton of money if disaster strikes. However, before you sign up you should ask your insurance agent about exclusions and limits. Here are a few common exclusions and limits to watch out for.
Wait a minute– what’s an exclusion? What’s a limit?
Exclusions are scenarios […]
What is property owners insurance?
Property owners insurance is a special kind of insurance for landlords and people who own property. You will need to pick up property owners insurance if you own any kind of property that you don’t use yourself, including unoccupied property.
Can I buy normal household insurance instead of property owners insurance?
No, because […]
Why home insurance in Nigeria is important
Home insurance in Nigeria is important to protect families against burglaries, fire, floods, windstorms and other natural disasters that may occur. While they are not at a major threat for hurricanes or tsunamis, like some countries, home insurance in Nigeria has protected many families against other unexpected casualties and […]
When to buy empty house insurance
Depending on your normal apartment insurance plan, your insurance company may not cover you if they can prove that your house was unoccupied for a long period of time at the time of an accident or robbery. If you plan on leaving your home unoccupied for more than 30 days, […]
Rule number one: tell your insurance company everything
Before you buy building insurance, find out from the insurer wants to know about your home. Be sure to provide your insurer them with detailed information about your house, otherwise they may reject your insurance claim if something bad happens to your house. Even after you buy building […]
What kinds of disasters are covered by apartment insurance?
If there’s a fire, lightning storm or a hailstorm and your property gets damaged, apartment insurance will pick up the bill. It also covers riots and explosions, damage caused by vehicles, vandalism, theft, volcanos, falling objects as well as damage caused by appliances or by voltage spikes.
What […]