Should You Have Homeowners' Insurance?

​As a homeowner, you want to protect your investment. Natural disasters like fire, earthquakes, or floods can happen at any time. You may be telling yourself that you do not need homeowners' insurance. But are you ready to make out-of-pocket expenses in case your house gets damaged in a fire, flood, or other natural disaster?

What Does Homeowners Insurance Cover? 
Many factors come into play regarding what is covered by home insurance. But then, most policies will provide cover for the following: 

House
Homeowner's insurance may help cover repairs or renovations of the house, and other structures on your property, like a detached garage or storage shed, due to damage from a covered loss. 

Personal Belongings
Aside from your house, homeowners insurance also covers your precious valuables in case of theft, damage, or loss. It can be frustrating if your valuables get stolen, but with homeowners insurance, you can have the money to recover your investment. 

Liability. 
You'll never know when a visitor could get injured on your property. If this happens, you could be sued for damages for the injury or, worse, the visitor's death. Home insurance protects you from personal liability in case of lawsuits. 

What Does The Law Say? 
If you plan to take out a mortgage, homeowners insurance may be required from you. The lender will also need to protect their interest in your home. Even if it is not legally required, purchasing a policy would still be in your best interest. It pays to have homeowners insurance because of its protection during unexpected emergencies. 

Why Should You Buy Homeowners Insurance?  
Although it is not required by law, it makes sense to buy a policy for your peace of mind. We do not know when accidents will happen, but homeowners insurance can keep you from having those huge out-of-pocket expenses when they come. 

At Insurance Agency Network, we aim to provide comprehensive insurance policies that make your life easier. You can get more information about our products and services by calling our agency at (425) 448-9190. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!