The video posted above discusses why one would need a home owners insurance policy, and what is covered within the insurance policy if you already have one. The video discusses how the insurance is only needed for those who own a home and would not be of any use to someone renting. I found this video to be very useful because he goes through everything covered within a policy such as dwelling cost. He explained this to be the cost of rebuilding the house in the event that anything we to ever happen to it such as a fire.

The video posted above takes an brief look at some of the many of the factors that should be considered for anyone who is a first time home buyer should consider before purchasing a and home insurance. The first tip given is to compare costs between insurance companies. I think that this a very useful tip especially for people who are unfamiliar with purchasing home insurance. I think that it is important for first time buyers to not jump into any type of coverage until they have weighted out all of their available options.

The video posted above discuses how to buy home insurance. It discusses what is covered within your home insurance policy and what you will need in order to obtain the insurance itself. What I found useful about this video was that it goes through the steps of obtaining insurance. It says that the first step would be to decide on which type of policy you would need and how much coverage you would need from the policy. The video also gives the type of hiring a professional to record the contents of your home for proof of cost so that in the event the house was damage, you would receive the necessary amount to replace everything.

The website I have added below goes through the top five things people need to remember when purchasing home insurance. The tips are: Remember there are three main forms of home insurance, items can be insured for "cash value" or "actual cost”, the Actual Cost value of your home is NOT the same as its original price or its current market value, you may need extra insurance if you keep exceptionally valuable items in your home, and your home insurance policy covers "third party liability". I think that the most useful tip is the Actual Cost value of your home is not the same as its original price or its current market value. I found this useful because I was unaware that the replacement cost doesn’t include the cost of the land that your home was built on or the premium that you may have paid for the location of your home.

The website I have posted above discusses the five things that should be considered when purchasing a new home. The five things to consider are utility costs, overall affordability, home insurance, location and livability, and what to consider before you sign. What I found to be most useful on this website is the last tip of what to consider before signing. This section discusses the need for home inspection, to know whether or not their has been any claims or lawsuits against the builder and whether there are any current claims against the current property. I think that all of these tips would be extremely helpful to someone who is a first time home buyer as they are all factors that could be easily over looked.