When you purchased your home, you also purchased a comprehensive homeowner’s insurance policy. The purpose of this policy is to cover expenses, should any serious damage occur to your investment. Despite what buildings insurance policies might cover, most people don't fully understand exactly what their policy covers. There are those who believe that their homeowner’s insurance will cover any event that causes damage to their home. They even think that if their home is totally destroyed, this insurance will cover its complete replacement. First of all, most policies do not cover … [Read more...]