Homeowners insurance is a type of property insurance that protects the policyholder against financial losses caused by damage to the home and its contents. Homeowners insurance is typically required by mortgage lenders as a condition of the loan.
The cost of homeowners insurance varies depending on a number of factors, including the location of the home, the age of the home, the type of construction, and the amount of coverage desired. However, there are a number of ways to save money on homeowners insurance, such as bundling it with other types of insurance, increasing the deductible, and installing security features.