Home Insurance: Home Sweet Home, Insured

home sweet home

“It was several hours after coming off the back nine in sunny Florida when the call came: ‘Hon,’ Karen said anxiously, her voice cracking with emotion. ‘A tree fell on the house.’

‘What do you mean a tree fell on the house?’ as though her statement needed any clarification or explanation. I could hear the frustration and anxiety in her voice. ‘A tree fell on the living room roof…and there’s water coming in. I heard a big crash and the dogs ran.'”

And that’s the moment when home insurance becomes more than just a monthly premium. With an investment as large as a home, it’s amazing how many little things this particular type of insurance cna cover. This story of a crashing tree comes from the publication How Stuff Works, in an article entitled 10 Reasons to Buy Home Insurance and, in this case, the author was able to succesfully recoup all of the costs of fixing his home after this mini-disaster.

Of course, this article is one that asks you to click through sliders, page-to-page, to get through all of the information. Rather than ask you to do that, here’s a brief summary of the 10 reasons the offer for why home insurance is so important:

  1. Satisfy your mortgage Lender
    Often mortgage lenders will require you to have a homeowners policy in order to take out a loan on your home. Try to buy this policy yourself, because if you don’t show proof of insurance, the bank will place insurance for you (forced placed insurance). These policies are extremely expensive and protect only the interests of the mortgage company and do not take into account your family’s personal belongings.
  2. Protects you from lawsuits
    A typical homeowner’s policy protects against a lawsuit if someone is injured while on your property.
  3. Protection from Loss
    Homeowners insurance will pay to repair or replace your house if it is destroyed.Remember when buying a homeowner’s policy, you need enough coverage to replace your house and its contents. About 75 percent of U.S. homeowners do not carry adequate insurance on their home, because they only purchase insurance for the size of their home and forget to consider the value of its contents (personal belongings).
  4. Replaces your personal belongings
  5. Pays Medical Bills
  6. Protects Equity
    For most of us, our home is the largest single investment we’ll make in our lifetime. Homeowners insurance protects the equity in your home. Equity is the value of a piece of property over and above any mortgage or other liabilities relating to that property.
  7. Protects against natural disasters
    Note: policies usually exclude flood and earthquake… these are separate, additional policies (I bet you can guess which one is most important to have in Southern California!).
  8. Loss of Use
    If something happens to your home and you need to stay in hotels and eat meals out while it’s repaired, your homeowners insurance policy should cover these costs.
  9. Protection against robbery and theft
  10. Peace of Mind

If you have questions about your current home insurance policy, or you’d like to ensure that you have the best policy for your homecontact us and we’ll take a look at it.  Also, keep in mind that we can help you get quite a few discounts if you pair your home insurance or renters insurance policy with your auto insurance policy.

We can’t stress enough how important this is… it only takes a few minutes, and we promise that in the event something happens, you’re going to want to know what coverage you have.  We’re here to help.  Call us anytime!

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