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What is homeowners insurance and who should consider buying it?

April 26, 2017buying homeowners insurance

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What is homeowners insurance and who should consider buying it?

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Homeowners insurance is one of the most popular types of personal insurance on the market today. The typical homeowners policy has two main sections: 1) Section I covers the property of the insured; and, 2) Section II provides personal liability coverage to the insured. Anyone who owns or leases property has a need for this coverage. Many times, homeowners insurance is required by a lender as part of the requirement in obtaining a mortgage.