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What are some things you need to do to be a responsible homeowner?Check all that apply.
Paying your mortgage and property taxes on time is absolutely crucial. By missing payments, you could put yourself in a risky financial position that could result in losing your home to foreclosure. It is also very important to maintain your home so that manageable issues don't later become big repairs. This will not only keep your home safe but may also help preserve its value.
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Homeowners insurance usually does NOT cover damage from disasters like flooding and earthquakes.Most of the time homeowners insurance will not cover damages caused by natural disasters. Make sure to review your policy to see what is covered and what deductibles are required.
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Why is it important to maintain your home inside and out?All of these are important reasons to maintain your home. This is probably one of the biggest purchases you will ever make, so keeping it in good condition is essential to protect your investment.