Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Rhode Island Homeowners FAQ: What is homeowners insurance and why do I need it?

April 26, 2017homeowners homeowners insurance rhode island

0

Posted

Rhode Island Homeowners FAQ: What is homeowners insurance and why do I need it?

1 Answer

0

Posted

Minimum homeowners insurance is often required by a mortgage lender prior to finalizing your loan. This is an insurance policy that will cover your home in the event of things such as fire or storm damage. You can purchase much more comprehensive homeowners insurance that will cover your belongings in the event of fire, theft, or other perils you have no control over. It will also cover the medical costs if someone gets hurt while on your property and you are legally responsible.