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. See our website here:

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:

Fire
Wind
Theft
Vandalism

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? Contact us

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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.

 

Retain the Water’s Natural Minerals with Evoclear Salt Based Water Softener Systems

With regards to whole house water treatment, Evoclear salt-based water softener Water is one top brand. Founded by brothers Colin and Dan that have experience in water treatment. Dan and Colin said “We saw a shift in the Industry and saw a great opportunity to focus on that shift.” What is even best regarding Evoclear salt based water softener Water Systems San Antonio is the fact that it does not make use of salt, water-saving, eco-friendly, and it requires no electrical energy. In fact, changing the salt-based systems hat have come under scrutiny the last few years for the effect they have on the surroundings is the main purpose of the creation of these systems.

Chlorine and chemical-based compounds have been removed by some people from their water system because of its must. But nonetheless, some individuals find “soft” water to be safe. The process of filtering the water or using salt as a softener causes it to turn “soft” and removes its calcium, magnesium and other essential healthy minerals. These healthy natural minerals are then replaced with sodium. Further explanations of the owner of Evoclear salt-based water softener mentioned, “The old way of treating residential water has changed the last few years. Home owners want filtered water full of healthy minerals without the added sodium”. Salt-based “ion exchange” filters have been prohibited or restricted every year in more countries throughout California and the U.S, replacing them with beneficial filters that retain the minerals.

Many Americans have bad thoughts about their water but Evoclear salt-based water softener changed their perceptions. Almost everyone has been changing their old water treatment systems with this new system. The founder of the Evoclear salt-based water softener explained, “We have gone against the grain and focused on filtering and offering a new salt free water conditioner that treats hard water without sodium or chemicals.” An enormous salt softener organization named Culligan faced the consequences of bankruptcy as the Evoclear salt-based water softener system has opened the eyes of the people towards the benefits and hazard-free use of filters.

The new billion-dollar industry was born exactly where Evoclear salt-based water softener shines as the American tap water business met its downfall. Lately, a lot of news have already been discussing Fracking which has brought more awareness in water quality.

The co-founder, Dan said in an interview, “We want to replace all salt based systems in America.” “Homeowners have been duped into buying salt softeners over the last 30 years that are not only environmentally unfriendly but are also incredible bad for your health. Basically, they are usless!”, added by Dan. After Three decades, salt-based softeners have loosened their reputation from house owners who questioned their effectiveness. Keeping with the ecological approach to water treatment, Everclear salt-based water softener tanks are reusable when the filtering media has expired. When you need a new carbon, they could provide you one for replacement so that there’s no need for you to purchase a brand new one.

They also provide a lifetime warranty on all tanks and parts making it a worthwhile investment for any homeowner.

Evoclear salt based water softener appears to be taking an upfront honest approach to water treatment in an industry that has had a bad rap through the years. Furthermore, they put all their concentrations on the homeowner’s needs; they need to change the wrong old ways in treating water. Evoclear salt-based water softener Water Systems isn’t like any other water treatment company simply because they place big value for the satisfaction of their clients. They claimed to have a below 1% return on their systems. They even offer money back guarantee; just make sure that you inform the company not after Three months. Colin once threw some statements like, “We basically are the Brita or PUR for whole house water filter systems. People love our brand and our company and we feel good about the water we provide for our customers.” He even added, “We want our systems in every home in America and to last for generations.”

One other statement he said that really stays in the mind of many homeowners is this, “We want your grandchildren calling us up 50 Years from now ordering replacement carbon.” You can find their systems through their website, www.Evoclear salt based water softenerWater.com. The systems can be installed successfully by any person who knows about plumbing. Furthermore, there are local installers that they can suggest to you and these names can be found through Angieslist. Make sure to prepare $200 as installation cost.
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