Best Life Insurance Tips & Guide!

Homeowner insurance is not just covering your home, it’s more than that. This type of insurance is purchased in a package policy. This mean, it covers both damage to your property and liability or legal responsibility for any injury and property damage to other people that is caused by you or your household. It also covers damage by your pets.

When offering a home policy an insurer would want you to give him the rebuild value of your home instead of the retail value because rebuild value only covers repair of the house in case of a claim, but a retail value would take into consideration the cost of the land and location of the property.