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Reading the agreement is quite important. Question that which you should do if you intend to update to a better hosting approach,or if you intend to move domain or require to get new domain, cancellation charges etc.
There are many advantages while experiencing the reduced prices of siteground vs hostgator, but these advantages attach on the service of hosting you choose. Do a search and choose your company carefully. It might be helpful to take to the services of various providers before picking which is best.