Homeowners Insurance

Homeowners insurance (HOI), also known as home insurance or hazard insurance, is a form of property insurance that covers private homes. The major risks covered by these policies include damage or loss to the home, damage or loss to the items of personal possessions within the home, and injury or harm to third parties, such as guests who may be visiting the property.

It is a condition of almost all mortgage lenders that you take out homeowners insurance to cover any potential loss or damage to the actual structure of your home.

In this section, we take a look at the different types of policy available, how much cover you need, along with some handy tips on how to reduce the cost of your premiums. We also examine the crucial information you need to be aware of before purchasing any HOI policy.