Tag: homeowners insurance

House key, savings jar, and coins on a kitchen table inside a Colorado home.

Choosing a Higher Home Insurance Deductible: Savings and Trade-Offs

Choosing a higher home insurance deductible may reduce your premium, but it also increases the portion of a covered loss you may need to absorb. Whether that trade-off makes sense depends on more than the amount shown on your insurance bill. Homeowners should compare the actual premium savings with the additional deductible responsibility and consider

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Residential guest room converted into a home-based clothing business with inventory, packing supplies, and shipping boxes.

Does Homeowners Insurance Cover a Home-Based Business?

Running a business from home can be convenient, but it may also create risks that a standard homeowners insurance policy was not designed to cover fully. A homeowners policy may provide limited coverage for certain business property, depending on its terms. However, it may exclude or restrict coverage for business-related liability, inventory, equipment, lost income,

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A couple sits together on a sofa reviewing papers

What Homeowners Insurance Doesn’t Cover (and How to Avoid Costly Gaps)

Most homeowners feel pretty confident about their insurance coverage—until something happens and the claim gets denied. That’s usually when people realize that homeowners insurance has some important limits. Understanding what homeowners insurance doesn’t cover is just as important as knowing what it does. When you know the gaps ahead of time, you can avoid surprises

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home insurance

3 Reasons to Review Your Home Insurance Each Year

Life can change fast, and through those changes, your home insurance must provide you and your family with the level of safeguarding against financial loss that suits your circumstances. But how do you know if it does? Reviewing your insurance policy each year can allow you to ensure your home insurance is keeping pace with

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