There are many incredibly important steps that a prospective buyer must take on their way to purchasing a new home. Some are familiar, others aren’t. Nevertheless, they must all be undertaken with the utmost attention and deliberation when considering the consequences. Just think about what can go wrong if you don’t have a homeowner’s insurance policy to fall back on!
When buying a home, it’s important to cover all of your bases and make sure there are no discrepancies that could potentially impede your purchase. One of the most important insurance policies for new homeowners is called title insurance, which protects you against outside claims of ownership on the property. However, it only covers the homeowner on events that occurred prior to signing off on the policy. Follow along to finally get the answer to the question, “what is title insurance?”
When renting property, a landlord or the homeowner will usually cover maintenance expenses and resolve most problems. However, what happens if there’s a robbery or a fire? Contrary to popular belief, some accidents that may arise aren’t the responsibility of the landlord. For protection from those incidents, there’s renters insurance.