 TITLE: Homeowner Expenses Beyond Your Mortgage CONTENT: Homeowners Insurance\n--------------------\nHomeowners insurance will protect your home in the event of a fire, theft or another costly disaster. This may also be included in your monthly mortgage payment along with your property taxes. If you buy an older home or a home in a flood, earthquake or volcano zone, you may pay extra for homeowners insurance. Some policies may not cover specific disasters common to your area, such as earthquakes, so you may want to supplement your primary policy with one that covers these occurrences. Costs for homeowners insurance depend on your location, but you'll typically pay around $35 per month for each $100,000 in home value. END