4 Benefits Of Getting Homeowners Insurance

​A type of Property Insurance that covers home damage is known as homeowners insurance or hazard insurance. Damage to your home, additional living expenses, the loss of personal belongings, and liability insurance in the event of accidents can all be covered by a homeowners insurance policy.

There is an abundance of potential problems that necessitate homeowners insurance. Read on to know what are the benefits of getting homeowners insurance!

1. Protecting You From Liability
   In the event of an injury on your property, you may be held financially responsible for the resulting medical expenses. That could total tens of thousands of money or more. This insurance policy is designed to help you pay out of the large settlements in case of a lawsuit, such as if your dog injured your guest.
   
   
2. Offers Legal Protection
   Injured visitors on your property may have their medical expenses covered by homeowners insurance, but that’s not all it does. You can avoid paying the injured party’s medical bills and legal fees out of pocket if you have this type of insurance, even if you are found legally responsible for the injury.
   
   Nonetheless, the extent of protection against legal responsibility is contingent on the policy’s limits which are often overlooked. 
   
   
3. Theft
   If someone breaks into your house and steals your belongings, you can make a claim and get your money back. Limits on coverage for personal property are common. You may need a rider for high-value items if their total cost exceeds your policy’s coverage maximum.
   
   
4. It Helps to Keep Your Investment Safe
   The coverage provided by a homeowners insurance policy is determined by the greater of the property’s actual cash value and the cost to rebuild it. To contrast, forced-placed insurance typically only covers the lender’s interest up to the loan amount. 
   
   You may be required to carry home insurance if you plan to borrow money. For the duration of a chattel loan or mortgage, you may be required to maintain homeowners insurance in force. 

Get Home Homeowners Insurance Now!
Consider the cost of rebuilding your home and replacing your belongings when determining your coverage limits. If disaster strikes and your home or belongings are damaged or lost, you will be better prepared if your insurance policy can help you cover such a loss. 
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At Richard Turner Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (619) 296-6222. You can also request a free quote 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!