10 Reasons To Have Homeowners Insurance

Yep, home is where the heart is! There are lots of people traveling this week for Thanksgiving. Let’s stop and take a minute to talk about your insurance though and 10 reasons it is to make sure you have home insurance and that it is up to date.

1. IT’S REQUIRED - Most mortgage lenders and banks will require that you carry insurance on your home. 
2. WEATHER – You want to ensure that your home is covered in case of severe weather. 
3. LAWSUITS – Your homeowners insurance protects you from lawsuits that may result as a part of homeownership. 
4. PROTECT YOUR BELONGINGS – If your possessions are destroyed, insurance will reimburse you for the value of your property.
5.  MEDICAL COVERAGE – If a guest is injured on your property, many homeowners insurance companies will pay for the guest’s medical bills. 
6. PROTECTS EQUITY – Your home is one of the largest investments you will make. Your homeowners insurance protects the value of the property. As you make renovations to your home, make sure to increase the amount of your coverage! 
7. NATURAL DISASTERS – Tornadoes, windstorms, and hurricanes. Beware – some natural disasters are not covered, such as earthquakes and floods. Check with your agent for your policy specifics.
8. LOSS OF USE – If you cannot live in your home due to a covered claim, your policy will reimburse you for hotel accommodations. 
9. THEFT – Your insurance policy guards you from property stolen from your home as the result of robbery or theft. 
10. PEACE OF MIND – It may sound cliché, however, having homeowners insurance allows you to know that your belongings are covered in case anything does happen. 

Have a terrific Tuesday and enjoy your Thanksgiving!!