Emmanuel Robertson 
Unlike the more basic DP1 and the intermediate DP2, this policy operates on an “open peril” basis. This means it covers all risks unless explicitly excluded by your insurer. Such a broad spectrum of protection provides peace of mind for property owners. A standout feature is its approach to claim payments. Unlike policies that consider … Read more
In real estate, an escrow account is typically used by your mortgage lender to pay property taxes and home insurance premiums on your behalf. This account is funded by a portion of your monthly mortgage payment. Many homeowners believe they are locked into their home insurance policy for the duration of their mortgage. This is … Read more
Escrow accounts provide a significant benefit by simplifying budget management for homeowners. By dividing the annual cost of taxes and insurance into manageable monthly payments, the escrow system helps homeowners avoid the burden of large, lump-sum payments. For lenders, escrow accounts minimize the risk of unpaid taxes or lapsed insurance policies, which could jeopardize the … Read more