You might be thinking about whether you need homeowners insurance when selling a home. The answer is yes, you need homeowners insurance for the home you are going to sell which will cover you until you sell it. However, the type of homeowners insurance you need will vary depending on your situation. What Is Covered by Homeowners Insurance While Selling
A homeowners insurance binder is a document that you’ll get from your insurance agent that proves that you’ve bought homeowners insurance. The document essentially serves as a provisional insurance policy. As such, it contains your homeowners policy details, including the deductible and coverage limits. After you receive the official homeowners insurance policy, the binder becomes invalid. Here’s detailed information on
The cost of homeowners insurance is one of those unavoidable expenses that come along with owning a house. How much you pay for coverage will depend on a variety of factors such as the location and age of your home, but the average premium costs over $1,000. Although it can feel like a big expense, you know that you will