Whether you own your home outright or have a substantial mortgage to pay off, homeowners insurance is essential for protecting your home, furnishings, and belongings against covered losses. According to SafeHome, a fourth of all homeowners eventually file a homeowners insurance claim. You might be among the unlucky 25% who file a claim. A good house insurance agency can help ensure you have the coverage needed to protect your home and assets. Here are three ways that quality homeowners insurance virtually pays for itself.
1. You Could Rebuild Some or All of Your Home
No matter where you live, there are common perils that could affect any home in your local area. Wind and hail damage, internal or external flooding, or a fire are a few of the more common perils that might cause partial damage or completely wreck your home and the things inside it. A local house insurance agency can help you protect your home and belongings against potential damage that you otherwise would have to pay for, which might cost thousands or more.
2. You Could Replace Your Belongings and Valuables
A standard homeowners insurance policy will give you a nominal amount of protection for your furnishings, belongings, and valuables, but not likely enough to cover your actual loss. You might have antiques, gold or silver jewelry, or other high-value belongings and valuables that are worth much more than a standard policy would cover. You can modify your house insurance to give you the level of insurance protection needed to minimize your out-of-pocket costs if a covered peril destroys your furnishings, belongings, and valuables.
3. You're Protected Against Potential Property Liability
Your local house insurance agency can also help protect your family's finances with property liability insurance that often comes with a homeowners policy. The liability protection pays if someone is injured or has property damaged due to conditions on your property. If a tall tree falls and lands on your neighbor's car, the liability insurance would pay for it instead of you. You also can add affordable umbrella coverage that pays costs that exceed the limits on your house insurance.
When you need the best homeowners insurance protection, call our friendly insurance professionals at Barrows Insurance Agency, Inc. We can help you find the best rate and add protection as needed to make sure you have the best possible insurance protection against the perils most likely to threaten it and your belongings. Affordable coverage enables homeowners insurance to virtually pay for itself.