When you are financing the purchase of a home the mortgage company, as part of the underwriting process, will request a home insurance policy and will oftentimes state that the policy needs to be a replacement cost policy. This request comes directly from the Fannie Mae guidelines and their request...
Did you know there two types of home insurance claims that can stay on your record for longer than the typical 3-5 year timeframe. These two types of home insurance claims are fire claims and liability claims. Home insurance claims are generally classified into two categories - claims associated with...
Sometimes when people payoff their home, they will naturally consider making changes to their home insurance policy in an effort to save some money. You see mortgage companies require certain things to be covered on a home insurance policy in Florida. One of the things they require coverage for are...
Well.....it depends. In Florida, a home insurance policy written on an HO3 form will typically include coverage if your house is flooded but the coverage is generally limited to water damage cause by accidental discharge or overflow. This means an appliance failed and caused water damage or a pipe burst...