Homeowners insurance & cost

What does homeowners insurance cover?

• Price of your house

• How many people live in your house

• Furniture you want to buy

• The protection of property that may be loss, stolen, or damaged

These are important to consider when shopping for homeowners insurance (select multiple)

• Location of your home

• Deciding what you would like to cover

• Finding the type of coverage you need

• The cheapest insurance company

What are situations where homeowners insurance is beneficial? (select all that apply.)

• Someone robbing your home

• Damage from a storm

• An old leak that was never attended to and could’ve been fixed

• Your house setting on fire

There are multiple components to a mortgage.

• True

• False

There are not many homeowners insurance companies.

• False

• True

Making improvements on your home will increase the cost of your insurance.

• True

• False

What to NOT do when purchasing your first home (select all that apply.)

• Replacing roofing and flooring

• Researching a company that has the best coverage for you and what you are looking for

• Pick a home in a neighborhood that is high at risk

• Consider valuables that are necessary and important to you

Property taxes only apply to residential land and properties

• True

• False