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Standard home insurance policies do not cover flood damage, so you may also be required to add on flood coverage if your home is located in a designated flood plain.
A fourth and final reason that you need homeowners insurance is this: If you have a mortgage or an obligation to a financial institution, you are most likely required to have some form of ...
Homeowners insurance vs. condo insurance Buying a condo is more similar to buying a home than a co-op. When you buy a condo, you own the unit and likely need condo insurance to insure it properly.
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In addition to standard home insurance, some 8 million households in the UK are categorized as being a "non-standard" risk. These households require a specialist or non-standard insurer that would cover home insurance needs for people that have criminal convictions and/or where the property suffers subsidence or has previously been underpinned.
Learn more: Affordable home insurance companies. Purchasing a home insurance policy. Once you have chosen the company you feel is best for you, your family and your home, you can purchase your ...
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