Homeowners Insurance
Quite frankly anyone who owns a home needs homeowner insurance. Home ownership ranks as the number one personal investment. If you own your home, it is a wise policy to insure this investment against risks.

Homeowner insurance is one of the most important and prolific forms of insurance available on the market today. The homeowner’s policy generally has two main sections. Section I covers damage to the physical property, whereas, Section II provides personal liability coverage against lawsuits arising from occurrences that result in other persons being injured on the property.

Renters Insurance
Many of renters either do not know about insurance available to them or simply do not take advantage of this type of insurance.

Why should a “renter” have an insurance policy when his landlord owns the structure rented? Because the landlord's insurance does not cover the renter’s personal property. If the apartment is vandalized or burglarized the landlord is generally not responsible for the damage to renter’s personal property.

Personal property such as clothes, electronic devices, furniture, televisions, jewelry, or personal computers are not covered against destruction or loss by the landlord's insurance. If the apartment is flooded, the landlord’s insurance will cover the damage to the structure and its fixtures only.

Renters insurance replaces damaged or stolen personal property of the renter against damage caused. With renter’s insurance, the renter’s personal possessions are covered against losses from events such as fire or smoke, lightning, vandalism, theft, explosion etc.

Browse the list of companies below and find yourself an insurance policy for your property.

Mortgage Insurance
If you obtain a conventional loan, depending on your loan program and down payment amount, you may be required to buy private mortgage insurance (PMI). The insurance protects the lender in case you default on the loan, allowing the lender to approve a large loan amount.

Mortgage Insurance offers a variety of payment options, including making an initial payment at closing or making monthly payments with the house payment. You may even increase your interest rate and have the lender pay the insurance. Be sure to ask your lender to compare the benefits of the different plans.

When it comes to paying for a property, don’t be intimidated by the word “mortgage”. A mortgage is simply a loan made to help you finance a property. It indicates that a specific amount of money will be loaned at a specific interest rate for a specific period of time (the term of the loan). In addition, you agree to make timely payments throughout the life of the loan.