Featured Image Homeowners insurance, or hazard insurance, covers you in the event of damage to or loss of your property. You should have enough coverage to: Rebuild your house Replace its contents Reimburse you for expenses incurred during rebuild/replacement Protect yourself in case someone gets injured on your property and sues you Structure It’s a good idea to have enough insurance to cover 100% of rebuilding your home. Make sure you have an accurate estimate of the cost of replacing your home, since construction costs can increase dramatically over the years. An insurance agent call help you determine that replacement cost. Possessions Most companies cover your possessions for 50% to 75% of the amount your home's structure is insured for. To help you decide if that’s enough coverage, talk with your insurance agent. Make sure your policy covers the replacement cost of your possessions and not the actual cash value, which decreases over time. Liability coverage Liability coverage is designed to cover unintentional injuries on the premises and unintentional damage to other people's property. Your insurance agent can help you decide what limits will best protect your assets. Riders Basic insurance policies don’t include theft or certain dangers when it comes to jewelry and have limited coverage. Riders (or endorsements) are additions to your homeowners policy, and coverage is generally limited to the risks covered by your policy. Discuss with your insurance agent any items of value that may warrant additional separate coverage. From finding the right home to closing on the right mortgage, we’ll help you every step of the way. Learn more about VACU mortgages
What Are Closing Costs? Closing costs are expenses, over and above the price of the property that buyers and sellers incur when they transfer ownership of a property. Closing costs vary depending on price, location, and other factors.
What to Know When Buying a Home Whether you’re thinking about a starter home, upsizing, downsizing, or just looking for a change of scenery, this is the webinar for you!
Which Home Improvements Pay Off? If you decide to make upgrades to your existing home, you’ll be able to enjoy the updates yourself and perhaps recoup some of your expenses if you decide to sell in the future.