Saturday, March 26th, 2016 Homeowner insurance........... If you own a home or condo, you have (or should have) homeowner insurance. However, what I find when I talk to people about their homeowner insurance is that they typically don't even look at their policy. It renews year after year, the mortgage company generally pays for the policy, which means that the homeowner doesn't think it really affects them directly. However, this couldn't be further from the truth. Every year your policy keeps increasing in premium, your mortgage company in turn will keep raising your escrow to accommodate that payment. So even though the mortgage company sends the check to the insurance company, you, the homeowner, are sending the money to the mortgage company to begin with. Your homeowner premium directly affects how much your mortgage payment is. So what exactly does your homeowner policy cover? Here are a few of things about your policy that you need to know. 1. The dwelling ...
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