Insurance

Reasons you need homeowners insurance

Reasons you need homeowners insurance

Whether you're buying a new home or you've already paid off the mortgage, you may have wondered about the value of home insurance. Your home is likely one of the most valuable assets you have. Homeowners insurance helps protect that investment, and you, in a variety of ways. For a lot of people, a major factor in purchasing Homeowners insurance is that mortgage lenders often require it. That means it’s...

Why Valuate Your Property?

Property valuations are crucial. There are different reasons why you should have your home valued. Whether you plan on selling your home soon or not, a property valuation can be of benefit.  If you are asking why should I have a property valuation, then this article is for you. Who carries out a property valuation? A surveyor will carry out your valuation. They will consider elements like the age, size,...

5 types of insurance every homeowner needs

5 types of insurance every homeowner needs

Are you in the process of buying a house? You may learn that insurance is one of your bank or lender's requirements for securing a home loan. But what kind of insurance do you need? There are actually a few types of insurance you might need when you buy a home. Check out the different kinds to make sure you’re covered. In this article, we discuss 5 types of insurance every homeowner needs. 5 types of...

Types of insurance every homeowner needs

Types of insurance every homeowner needs

The protection of a home should be every homebuyers priority. As such, getting insurance for your home isn’t a luxury; it’s a necessity. To start with, insurance protects your home and possessions against damage or theft. Moreover, mortgage lenders require borrowers to have insurance coverage for the full or fair value of a property. When we talk about insurance for your home, what kind of insurance...

Steps to take when switching homeowners insurance

It is common practice to look and shop around first before making a large acquisition. After all, it is logical to seek the lowest price for anything you are looking to purchase. With this in mind, it is also important to shop around to ascertain if you are getting the best rates on your home insurance. However, the majority of people have never taken the time to shop around for homeowners insurance....

Your insurance responsibility when buying a property

The home buying process involves a lot of very big and extremely important decisions. You will obviously spend numerous days or even months exercising your due diligence. This will entail carrying out a thorough investigation of the local property market. Moreover, you will also have to analyse and review the location. In addition, you will spend a significant amount of time attending open houses, liaising...

Understanding landlord insurance

Loosely speaking insurance can be defined as a measure of recompense given by an insurer for pre-defined loss or damage. This insurance is provided at a specified premium. For the purposes of understanding landlord insurance, we will examine it as insurance specifically designed for rental properties. Moreover, it provides building insurance, contents insurance, rental protection insurance, as well as...

Protecting your assets

For most people investment properties are their biggest and most valuable assets. These properties are also their keys to financial emancipation and security. However, many investors fail to adequately look after their investments. Thereby putting not just their future but everything they own at risk. It is well worth taking a closer look at how well you are protecting your assets. It is also important to...

Understanding lenders mortgage insurance

Lenders Mortgage Insurance (LMI) is a type of insurance cover. This insurance provides lenders and investors with cover against mortgage loan default. LMI is charged to borrowers whose deposit of the property purchase price falls below a designated amount. This insurance cover is essential to mitigate the risk of mortgage loans to borrowers with small deposits. Therefore LMI constitutes an extra cost in...

Homeowners insurance guide

Homeowners insurance, also known as home insurance isn't a luxury, it's a necessity. All mortgage companies demand that you have insurance coverage and won't finance a residential real estate transaction it. And while most people are required to purchase insurance on their homes, few fully understand the entire exercise. Here's our homeowner's insurance guide; including what your policy does and when to...

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