10 Reasons to buy Homeowners Insurance

10 Reasons to buy Homeowners Insurance

1. Liability coverage pays the injured person’s medical bills and damages to property.
2. Insurance will also pay an attorney to help defend you in a court case.
3. Homeowners insurance will pay to repair or replace your house as per the selected coverage.
4. Dwelling protection will pay for damage to the main house and any other buildings, such as an attached garage
5. A homeowner’s policy will also pay for damage to fences, sheds, guest houses and other structure, including an unattached garage.
6. If your possession is destroyed, don’t fret; insurance will reimburse you for the value of your property including appliances, furniture, clothing and other possessions as per the choice you have selected at the time you have insurance. You can get actual cash value or replacement cost coverage.
7. Protection against natural disasters such as hurricanes flood and earthquakes optional at the time of purchase additional premium required.
8. If your home is destroyed, or is so damaged that you have to seek shelter elsewhere, a standard home insurance policy will pay to relocate you. So called (loss of use) coverage reimburses you for hotels, meals, and other living expenses up to 20% of the coverage declared at the inception of the insurance.
9. Protection against robbery and theft
10. Peace of mind is the main benefit of having homeowner’s insurance.