What is Homeowner’s Insurance Policy?

A homeowner’s insurance policy is a comprehen­sive insurance program that covers the home, its con­tents, and any liability linked with the property. Typically, a homeowner’s policy is the least expensive way of insuring a home.

Individuals or families, who buy a house, will most likely be offered a fire insurance policy by the mort­gage company. First time homeowners may not be aware that there are other options. More often, they will not be informed either. Later, they will discover that they could have bought a homeowner’s pol­icy for nearly half of what was paid. It pays to do some research.

What options are available in homeowner’s insurance policies?  READ MORE