- How Much Coverage Do You Need?
- Homeowner's Insurance Forms
- Other Insurance Issues
- Standard Policy Exclusions
- Umbrella Policies
Whether you are in the process of purchasing a home or considering changing insurance agents or companies, there is one major decision you will have to make: "How much insurance do I need?" Your lender, for example, requires homeowner's insurance on your property with coverage only equal to the current outstanding balance of your loan. The lender is just looking to protect its investment in your property in the event of a total loss.
IMPORTANT NOTE: Homeowners' Insurance, like the Personal Automobile Policy, is a controlled class of insurance. That means that each state determines what coverages should be included in a policy form. The forms are substantially similar from state to state and from company to company within each state. Individual insurance companies may decide to offer enhancements to the mandatory requirements.
The information presented here is based upon a typical policy. Check with your insurance agent, as coverage may vary within your state or between insurance companies doing business where you reside.
|Securities and Insurance Products:|
|Not Insured by FDIC or any Federal Government Agency||May Lose Value||Not a Deposit or Guaranteed by the Bank or any Bank Affiliate|
|Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Community Wealth Advisors is a trade name of the bank. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed by insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.|