Mold can be a troublesome and costly issue in homes. Coverage for mold is often conditional; it may be covered if it's a result of a covered peril, like a…

Water damage is one of the most common home insurance claims. Home insurance typically covers water damage from sudden and accidental incidents, like burst pipes. However, damage from unresolved maintenance…

Coverage for natural disasters is a key concern for many homeowners. While standard policies cover some natural events like windstorms, other disasters like floods or earthquakes often require additional coverage.…

It's common to see an increase in premiums after filing a claim. Insurers may raise your rates after a claim due to the increased risk you pose. This is not…

Home insurance costs are influenced by a myriad of factors. Premiums are affected by the home's location, age, construction type, the homeowner's credit score, claims history, and chosen deductibles and…

Timing is crucial when dealing with home insurance claims. The duration of a home insurance claim can vary widely depending on the complexity of the claim, the completeness of the…

The concept of backdating insurance policies is often misunderstood. Home insurance policies cannot typically be backdated, as coverage starts on the purchase date or a future date agreed upon with…

The value of home insurance is sometimes questioned by homeowners looking to save money. Considering the financial protection it offers against damage, theft, and personal liability, home insurance is often…

Tax deductions can be a significant factor when considering home insurance expenses. Generally, home insurance is not tax-deductible for personal residences. However, if part of your home is used for…

Many homeowners may wonder about the necessity of home insurance. While home insurance is not legally mandatory in many places, mortgage lenders typically require it. Even without a mortgage, insurance…