Category Archives: Homeowners Insurance

A Helpful Guide to Flood Insurance for Your Home Planning to buy home flood insurance? Floods are responsible for the most property damage yearly vis-à-vis any other natural disaster. Here’s another alarming stat, 99% of U.S counties experienced flooding between 1996 and 2019. Since the standard homeowners’ insurance does not…

When Are Insurance Settlements Taxable? For the most part, homeowners insurance settlements are not considered taxable income. The Internal Revenue Service only levies taxes on payments received that result in you having more wealth than you did before, which is not typically the case with settlements for property damage. Even…

Personal Injury Liability—What Does Your Property Insurance Cover? As a property or business owner, are you liable if someone gets injured on your property? Assuming a person is injured while on your premises, they can take legal action against you by filing a personal injury lawsuit. Whether you or your…

Review Homeowners Insurance Policy—Check & Update Your Policy Homeowners insurance isn’t a luxury; it’s a necessity. It provides crucial protection for any homeowner and enables you to preserve the integrity of your investment. A home insurance policy will provide compensation for you to repair or rebuild your home in the…

An Overview of Home Insurance Claims Homeowner’s insurance isn’t a luxury; it’s a necessity. Like many Americans, your home is likely to be one of the most valuable assets you own. While home insurance isn’t a legal requirement, mortgage companies require borrowers to have insurance that covers the fair value…

6 Blunders You Need to Avoid When Purchasing a Policy Let’s face it, homeowners’ insurance and claim processes are often complicated. Primarily, you’d want to know what events your home insurance policy covers. Does it cover property damage? Else, which are the best types of insurance for your needs? Filing…