What is homeowners insurance?
The Bankrate.com financial term of the day is: "Homeowners insurance."
The obvious definition is that homeowners insurance is the coverage you buy when you own a home. But it's not quite that simple. A standard homeowners policy covers four things: the house itself, if it's damaged or destroyed; your stuff you keep inside the house; liability, in case somebody is injured in your house or even if a member of your household causes damage or injury somewhere else; and living expenses away from home if your house is so badly damaged, you can't live there.
Homeowners insurance will replace your home and belongings after a disaster and will put you up in a hotel while your house is rebuilt. If it's your kid or dog that's the disaster, homeowners insurance will cover their destruction, even at somebody else's house.
To find the best homeowners insurance rates, visit the insurance tab at Bankrate.com.
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
Here are some ways to get organic foods you want without breaking your budget.
Food costs eating up your budget? Try growing your own produce.
Planning, clipping and budgeting can save you money on your food bill.
Leslie Corcoran, CFP, discusses using immediate annuities for retirement income.
Do you have a life insurance policy for your dependents? Is it enough?
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.