Category Archives: Homeowners Insurance

Understanding the difference between a dwelling and a homeowners insurance policy

Buying new home insurance can be overwhelming – there are so many options and policies available that it’s easy to get lost and opt for the cheapest options. Unfortunately, buying coverage for your home isn’t as simple as just opting for the cheapest policy. Buying cheap and in-sufficient coverage can cause major financial stress should…

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Homeowners: do you know the difference between actual cash value and replacement cost?

actual value and replacement cost

As a new homeowner, purchasing home insurance can seem overwhelming. There are more insurance options and add-ons out there than there are options at a buffet!  It’s hard to know where to start -there are different companies, options that are expensive, options that are cheap . . . each covers different types of damages and…

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Is homeowners insurance required by law?

Unlike car insurance, homeowners insurance is not required by law. However, there are two main reasons why you must have homeowners insurance. First, you need it to protect your assets. This means protecting the structure of your home, as well as your personal belongings. You are also liable for any danger or damage, that can…

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Roof shape affects your home insurance in New Orleans

Believe it or not, your roof shape drives the price of your premium. As many homeowners know -and new homeowners will find out -home insurance in New Orleans can be expensive. Why is it expensive?  Homeowners insurance is expensive in New Orleans because this area is prone to storms and other natural disasters. Because of…

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Can homeowners rent their home out during Mardi Gras in New Orleans?

**Editor’s note: Can homeowners rent their home out for short-term rentals? This information below may be subject to change because this ban on short-term rentals is currently under review. ** Mardi Gras, the greatest free party on Earth, brings people to New Orleans from all over the world. Beads, parades, dancing through the streets – Mardi…

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Homeowners: here 3 changes to your flood insurance you need to know about.

Whether you own one home or multiple homes that are covered by flood insurance, it’s important to understand the changes that are beginning to take place due to the one-year-old Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). HFIAA brought up some changes that are slowly being implemented to FEMA’s National Flood Insurance Program (NFIP)…

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