In essence, homeowners insurance is the type of property insurance that covers damages and losses to your residence along with the furnishings and other assets found at home. Homeowners insurance also provides liability protection against accidents that occur in your home or on your property. A typical home insurance policy covers four kinds of incidents on your insured property: exterior damage, interior damage, personal belongings/assets, and any injury that occurs while on your property. When you make a claim on any of the incidents mentioned, you will be required to pay a deductible. Basically, the higher the deductible on your insurance contract, the lower the annual or monthly premium will be. While home insurance policies seem straightforward, there is more to it than meets the eye. That said, if it is your first time to purchase a home insurance policy, you must have a clear understanding of how it works and how you can maximize all the be...
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