Many homeowners think that they don’t need Home Insurance because their house is not worth much, but the truth is, Home Insurance could save you a lot of money when disaster strikes. Home insurance will cover things like damage to your home from weather events or fire, theft of items inside your home, and so on. Homeowners are typically required by law to have Home Insurance in order to be able to purchase a mortgage for their home. Information can be found here.
Homeowners are typically required by law to have Home Insurance in order to be able to purchase a mortgage for their home. Home insurance will cover things like damage to your home from weather events or fire, theft of items inside your home, and so on. Home Insurance is an important part of your Home Ownership and Home Maintenance. See here for information about Home Insurance: What You Need to Know.
Weather events like hurricanes or tornadoes can cause significant damage to a home, often causing the need for repairs that exceed the value of the property itself. Homeowners’ insurance typically includes coverage with limits up to $500,000 in most areas for damages caused by these types of natural disasters.
A fire could destroy your entire house while you are asleep at night–even if you have no idea how it started! A basic Home Homeowner’s policy will cover losses from fires as well as other catastrophes when they happen inside your home. In addition to covering actual physical losses incurred due to fire, smoke, or water damage (or any combination), homeowners’ policies may also cover the cost of food spoiled due to a power outage. Homeowners’ policies may also cover injuries from an accident on your property that causes damage, such as someone slipping and falling in the kitchen or bathroom.