Since home insurance isn’t mandatory in Connecticut, most homeowners might see it as an unnecessary expense. Unfortunately, homeowners without home insurance discover the importance of home insurance when it’s too late. Perhaps after a fire has consumed their dwelling or after thieves have struck and made away with their valuables. But should you learn the hard way to establish the criticality of home insurance?
If you have been thinking of overlooking home insurance, think again. Goodman Insurance Inc. of Shelton, CT shares reasons why every homeowner should invest in home insurance.
It may be required
If you are purchasing your home through a mortgage, your lender may insist you purchase home insurance. Why do they care? Home insurance cushions the lender’s investment (your home) from damage. And if you hesitate to buy home insurance, they may procure a forced coverage policy, which is usually expensive.
Protects you from lawsuits
Since we live in a litigious society, you are better off with home insurance to save you when lawsuits come calling. If someone is injured in your premises, for instance, by your dog, home insurance can save the day by paying for the ensuing medical expenses and legal costs.
Similarly, if you or your family member causes property damage to your neighbor, home insurance covers the damage costs and the possible legal suits.
It protects your most expensive asset
Whether you have built or bought your home, you have put numerous resources into it. Unfortunately, it takes only a few minutes for your investment to go down the drain if some catastrophes were to strike. Fortunately, you can avoid going this route by investing in home insurance.
For peace of mind
Who doesn’t like peace of mind? Home insurance provides precisely that. With home insurance, you don’t have to keep worrying about a tornado ripping your roof into shreds or a tree falling on your house. While these perils are unavoidable, home insurance covers you when they happen.
Would you like to cover your Shelton, CT with home insurance? Don’t hesitate to get in touch with Goodman Insurance Inc. for an affordable quote.