The Basics of Home Insurance and Frequently Used Terms

The Basics of Home Insurance and Frequently Used Terms Homeowners insurance is sometimes called home insurance or hazard insurance, but each of those terms refers to insurance that covers homes and the contents inside. Home insurance is considered a policy with multiple lines because it covers both property and liability. The premiums (payments) made to […]

What Are the Pros and Cons of Lender-Paid Mortgage Insurance (LPMI)?

What Are the Pros and Cons of Lender-Paid Mortgage Insurance (LPMI)? Mortgage insurance is usually required by lenders if the borrower can’t put down at least 20% as a down payment when purchasing the home. Mortgage insurance does not benefit the borrower in any way. Instead, it is what protects the lender and repays them […]

Why Do Insurance Companies Check Your Credit Score?

Why Do Insurance Companies Check Your Credit Score? Many homeowners are surprised to learn that insurance companies check their credit scores. They do this in order to calculate a term known as an “insurance score” which is a ranking that takes into account a person’s credit history and score. Why do they analyze my credit […]

How Often Should You Review Your Home Insurance?

How Often Should You Review Your Home Insurance? Insurance policies can be confusing, especially for homeowners who have more than one policy. There can be accidental overlaps or gaps in coverage, resulting in paying for more or less than what you need. Homeowners should get into the habit of reviewing their home insurance policies at […]