Congratulations! If you've just purchased your first home, you'll be switching from being a tenant to being a homeowner -- with all the benefits and responsibilities that this entails. One of the big changes you're going to find is switching between renter's insurance and homeowner's insurance... and these changes can be big. Here's everything you need to know.
Homeowner's Insurance Will Be More Expensive
Homeowner's insurance is much more expensive than renter's insurance.
Buying life insurance can be a real challenge for people diagnosed with diabetes. Not only does the disease lead to many other long-term complications, it has a significant mortality rate. That puts those with diabetes into a high-risk classification with most insurance carriers. If you have recently been diagnosed with diabetes, here are some things you need to know before you apply for life insurance.
What Are They Looking For?
If you're like most people, your home is probably your largest investment. Homeowners insurance protects your investment and ensures that you are financially covered in the event of a total loss, damage, or theft. Since your home and belongings combined are worth a lot of money, it is important to have the right type of homeowners insurance policy. If you're buying a new homeowners insurance policy soon, avoid the following common mistakes:
It can be hard to teach your teen how to be responsible with money when an adult has to co-sign or take out the policies that they need, and the adult makes sure the bill is covered because they worry about their own credit. There are a lot of things you can do to help make your teen more responsible, and ways you can teach them about being responsible.
They Pay Their Cell Phone Bill
When you own a home, you will probably be required by your mortgage lender to have homeowners insurance. While homeowners insurance is not mandated, lenders want to know that their investment is protected in the event of a disaster. It's always a good idea to have insurance for your home, even if you aren't required to do so. This insurance protects your home in the event of a natural disaster, fires, and even theft.