Home buyers, especially first-time home buyers often don’t think about budgeting for homeowners insurance when looking for their dream home, but they should.
A standard homeowner’s policy insures your home’s structure and your belongings in the event of a destructive event, such as a fire. Homeowner’s insurance policies typically come as “package policies,” meaning that the coverage includes not only damage to your property, but also your liability for any injuries and/or property damage to others caused by you or members of your family.
Home buyers, especially first-time home buyers often don’t think about budgeting for homeowners insurance when looking for their dream home, but they should.
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