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How Much Home Insurance Do You Need?

One of the most important things to think about when buying a house is homeowner's insurance. Finding the right coverage for your needs is incredibly important to help protect your home from legal issues, theft, and any unforeseen natural disasters.

With so many choices out there you might wonder how much and what kind of insurance you need. First, you need to know that there are many options out there named "HO"s. The most popular is the HO-1, which is the basic option and protects you from calamities like fire, explosions, windstorms, theft, and vandalism. An HO-2 protects you from the same things an HO-1 does, but also extends the coverage a little further. The most extensive - and the most popular - premium is the HO-3 type, protecting you from just about everything.

The best way to determine which policy you want is to look at your finances and come to a decision on how much you can afford to pay in premiums. You should usually try and get maximum coverage, but don't forget to shop around for better deals and avoid overpaying for your coverage.

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