Tag Archive: insurance

Homeowners insurance: Understanding other structures coverage

Other structures coverage is a portion of your homeowners insurance policy. As the name suggests, it protects other structures on your property, either attached or detached. For a greater understanding of how structures coverage works, here are the basics: What does “other structures insurance” cover? Structures like fences, gazebos, detached ...

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What is PITI? Understanding your financial situation

PITI, which is short for “principal, interest, taxes and insurance,” is an essential term to know for anybody seeking a mortgage loan. The acronym refers to the relationship between these four numbers expressed in a ratio and can tell lenders about your financial status. Here is a breakdown of the ...

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