What is homeowner insurance?
According to Investopedia, “Homeowners insurance is a form of property insurance designed to protect an individual’s home against damages to the house itself, or to possessions in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property.” Insurance company protects the insured from specified losses, such as fire, windstorm and the like. It is also called hazard insurance.
Why should I buy it?
Whether you have or you don’t have mortgage, it’s an intelligent idea to buy a homeowner insurance since it will protect your house and