If you own the house you’re living in today, you probably had to go through a lot of hard work as you slowly built it for your family. If you’re finally having your first home constructed, then you know how much time, effort and money it costs.
Insurance expert Gulf Harbor Insurance believes that your home is a valuable asset. That’s why it’s important to protect your physical home and all your assets that are in it from losses and damages. Here are good reasons you need homeowners insurance.
1. To Protect You from Calamity Loss
Losses caused by an act of God like a fire, hurricane or tornado can have coverage by homeowner’s insurance. It even covers guests houses, sheds, or any other structure that’s on your property damaged by the calamity.
Remember that your policy should cover enough for you to replace your property and everything valuable that’s in it that can be damaged.
2. To Protect You from Lawsuits
In case someone gets injured while they’re on your property, homeowners insurance can pay for an attorney should they sue, the person’s medical bills, and for any damages to their property.
3. To Protect You from Theft and Robbery
Homeowners insurance can pay for the cash value of anything that’s stolen from a break-in or a robbery. This is where keeping receipts and records or the valuable things in your home will come in handy.
4. To Help Your Mortgage Lender
Homeowners insurance protects a mortgage lender’s investment should the house be damaged and will require coverage that’s enough for you to cover the amount of the mortgage. If you don’t have homeowners insurance, the lender will require you to get forced coverage.
This is much more expensive than getting it on your own and will only protect their investment.
These are good reasons for you to get homeowners insurance right now. Remember that it’s for the protection of not only your house but your whole family as well.