Your home is likely the biggest purchase and investment of your life. Losing your home or belongings in your home could be financially devastating. Homeowners insurance allows people to insure their home and personal property and protect themselves from liability.
Homeowners insurance is generally purchased to replace or repair a home or personal property in the event of a covered loss, such as theft, vandalism, or fire. Most homeowners insurance policies also cover temporary living expenses incurred as a result of a covered loss as well as a limited amount of personal liability coverage.
One of the best and fastest ways to lower the cost of your homeowners insurance is to obtain quotes from a number of different insurance companies. This could easily save you hundreds of dollars a year. Here are a couple of sites where you can quickly obtain quotes:
For additional homeowners insurance information, see our Homeowners Insurance articles in the Personal Finance section of the site.