Good insurance policies are hard to come by.

When purchasing a home, you will need to acquire homeowners insurance. In fact, all lenders will require a policy be in place prior to funding the loan. Make sure you have enough coverage. Policies refer to “replacement costs” that may not cover everything.

You should ask your insurance agent a lot of “what if” questions. The deductible amount also plays a big part in setting your premium. Higher deductibles lower the number of claims, and reduce your insurance costs. [Read more…]