Why is home insurance called homeowners insurance?

Why is home insurance called homeowners insurance?

Homeowners Insurance Quotes – Compare Home Insurance Companies and Find Affordable Homeowners Insurance online!

Home insurance is also referred as to as homeowners insurance since it is specifically available only to homeowners. There are several types of insurance to protect your property and residence and the best type for will depend on your living situation.What are different types of home insurance?

You may also hear the term hazard insurance. While home insurance and homeowners insurance are the same thing, hazard insurance is not. Hazard insurance is only a one part of home insurance, but it can also be purchased separately.home Insurance

Another insurance policy offered to homeowners is called mortgage insurance. This is very different because it is designed to protect the mortgage not the house.

This does not mean if you do not own a home that you do not need insurance. You should decide if you need protection because one never knows when disaster may strike. There are insurance policies designed for renters and condo owners as well.

What is the difference between home insurance and hazard insurance?

Hazard insurance is designed to cover your home and personal property from damages. This would include damages from things like:


Home insurance is a combination of basic hazard insurance and liability insurance. Liability protects you from the cost of lawsuits or medical payments in the event someone is injured on your property.

While home insurance includes hazard insurance, you may also need to purchase additional hazard policies. If you live in a flood zone or near a fault line, basic hazard insurance may not be enough coverage. You should always check exclusions on your home insurance and if you feel you need additional coverage, you can purchase additional hazard policies.

How is mortgage insurance different from home insurance?

While home insurance, homeowners insurance, and hazard insurance are all designed to protect you from loss of your home and possessions, mortgage insurance is designed to protect the mortgage on your home.

Home insurance pays out to repair damages, replace items, and even compensate for living expenses due to being relocated during such times. Mortgage insurance is designed to protect a lender in the case of default.

A lender can require both you to carry both insurances. Most companies will require you have homeowners insurance regardless of risk or amount borrowed. They require it to protect your investment much in the same way car lenders require you have car insurance.

Some lenders may require mortgage insurance to protect their investment. It may be a requirement if you are deemed high risk. Things like past bankruptcies or foreclosures. They may also require it if you are unable to make a down payment.

While lenders may require you to purchase this insurance, they may also purchase it on your behalf. They would set up the policy and pay the premiums but may charge you a higher interest rate to offset the cost.

Unlike home insurance, when the loan is mature, you may be able to drop mortgage insurance. Lenders will require home insurance until the loan is completely paid off though. You will have to contact your lender to find out when you will be eligible to drop mortgage insurance if it was required.

What if I live in a condo?

Condominiums are usually many homes built on the same foundation. You would own your individual condo and land, but not the rest of the building. Because of multiple owners, the condo association would maintain insurance on the structure. The association will include this protection as part of your yearly or monthly dues.

This insurance would only cover the structure from damages so you will need to purchase a policy to cover your possessions. You will also want protection from liability if someone was to be injured on your property.

Insurance companies have created special bundle packages to cover this need. It is called condo insurance or condominium owners insurance. Like homeowners insurance, you may need additional coverage for floods or earthquakes.

Do I need insurance if I rent?

Whether you rent a house or an apartment, you may wonder who is responsible for damages. The owner of the structure will be responsible for the structure but they will not cover your possessions or liability.

Renters insurance such as condo insurance is designed to protect you and your possessions. As a renter, you may be at higher risk for vandalism and theft. In addition, if a fire starts in another apartment in your building it could spread to yours.

Many rental agencies are now requiring you have insurance and may offer you a policy through their insurance company. You are not required to use their company and you should make sure to get coverage that suits your personal needs.Previous PostHow do I file a homeowners insurance claim?Next PostWill home insurance pay for a new floor?

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Save Money with Regular Plumbing Maintenance

Save Big Money Now and the Coming Years by Practicing Plumbing Maintenance in your Dallas Home

It’s possible that your Dallas home’s plumbing can be a ticking time bomb for your wallet and your sanity. If you’re not used to thinking about your Dallas plumbing, then make this the month that you start. For many Dallas households, a big plumbing repair can come at the worst possible moment and can set you back in terms of your finances and your well-being. Let’s face it- spending your hard-earned money on a big plumbing repair can be extremely frustrating, so start your plumbing awareness now so you can save big now and over the years.

Many homeowners aren’t concerned about potential plumbing problems until there’s an emergency situation. This seems unfortunate, but for many folks, some simple plumbing awareness could have prevented huge plumbing repair bills and related costs. So let’s get down to it. What are some things you can start doing now to save big money on your plumbing later?

Detecting leaks in your home can save you in multiple ways. Unfixed leaks in your Dallas home not only cause you to use more water each month, thus increasing how much you spend on utilities each month, but unfixed leaks can also lead to larger leaks, larger repair needs, and possible damage to your property. You should check for leaks in all of your faucets, both indoor and outdoor, and toilets. Leaky faucets and toilets should be repaired immediately, as doing so will allow you to save both on your monthly utilities and of course on costly repairs in the future.

Simple visual tests of faucets or food coloring tests of toilets are a good first start to detect leaks, but some leaks can’t be spotted by the naked eye or with a food coloring test. Hidden leaks in your sewer line for example, may require the help of a professional leak detection Dallas service. Calling on a Dallas plumbing professional to thoroughly check all of your piping for leaks will pay off not only in terms of your finances, but also in terms of the peace of mind you’ll gain about your plumbing.

Dallas homeowners can start saving themselves from big plumbing costs and big headaches by practicing simple awareness about potential leaks in their plumbing. But there are other ways to ensure a sound plumbing system and savings on plumbing help. Being aware of the problem that clogs can cause can also help to minimize plumbing costs and headaches. Simply adding quality strainers to all drains and not being tempted to throw potentially-clogging debris down the drain can help to keep your drain lines clog-free and you free from time-draining, energy-draining, and money-draining plumbing problems.

Saving big money over the years can begin right now by being more aware about your plumbing. Practicing good maintenance habits and checking for signs of leaks can do much to ensure a sound, problem-free plumbing system and big long-term savings. But, there’s even more you can do with professional assistance which can lead to even bigger savings and more protection from plumbing problems. To learn more, including the benefits found with ‘in place’ preventative epoxy pipe restoration, simply browse through the website.


Take Dance Lessons | Ballet Classes

Dance Lessons in San Antonio Texas

Everyone should learn how to dance, at least take a dance class once in their lives. Some people think they have two left feet, others because they think it is a waste of time and money and they will never see any use for that. So what are you going to do at a wedding that everyone is dancing? You will be the only one sitting and looking around? Or when you go to a nightclub, are you just staying at the bar and will never go to the dance floor?dance classes

I say Ballroom, Latin and Country Dances because those are the main styles for couples dancing, and it can be used in many types of social events. It is a great hobby, either you are a single person or a married couple and very affordable comparing to many other activities. Many of the people that think they will never be able to dance right, they end up very surprised on their hidden skill by the end of the first dance lesson. That is why I recommend take a dance class at least once, try it and then you can say if you really enjoy it or not. 90% of the times people always return.

Several dance studios in the San Antonio ares offer private and group dance classes for all ages and styles. Don’t keep waiting!Posted in Ballroom and Latin Dancing | Taggedadults dance classes, cha cha, country dancing, dance bars, entertainment, exercise, fun activity, hobby, learn to dance in San Antonio TX, polka, private dance lessons, salsa, swing, tango, waltz, wedding dance | Dancing With The Woodlands Stars

As mentioned in previous posts, with the success of TV shows like Dancing With The Stars, Ballroom and Latin Dances are becoming very popular. Not only at the dance studios and clubs, but also in many social events.

Last week it had a great event here, the “The 1st Annual YMCA Dancing for Partners with The Woodlands Stars”, a fundraising event organized by the South Montgomery County YMCA benefiting the YMCA Partners Campaign. The local celebrities performed with some of the most prestigious dancers in the North Houston Area for this great cause.YMCA Dancing for Partners
Dancing is fun don’t wait and join now.