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While purchasing homeowner's insurance may seem like a pretty basic, required task, there are a surprising number of situations that can make the price skyrocket. For instance, if you're buying an older home, the coverage for outdated plumbing, heating, and electrical could really add up. As well, living within a flood, earthquake, or tsunami zone could require an additional form of insurance. Always thoroughly research your options to be certain that you're purchasing the correct policy for your needs, and be sure to factor the cost into your budget.
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