Curious if you need to keep home insurance? Our agents at the Commonwealth Insurance Center serving the Williamsburg, VA area can explain the importance of having a home insurance policy for your house, even if it is paid off. This is because we never know when a disaster will occur. It is so much better to be safe than sorry about the large investment you have made in your home.
The Importance of Home Insurance
No one wants to stand on the sidewalk and watch firefighters attempt to put out a fire at their home. Knowing you have no home insurance policy, you especially don’t want to be in that scenario. Most mortgage companies will require home insurance until you pay off your loan, but even if you’ve already done that, it is still imperative to have home insurance.
What Does Home Insurance Cover?
Whether your home is damaged or destroyed by a fire or is hit by a tornado or some other natural disaster, you will want to have a home insurance policy in place. Even if someone commits an act of vandalism at your home, your home insurance policy can help you pay to repair it or rebuild it, depending on the severity of the situation. Your home insurance policy will also help you out if there is a burglary at your house and your items are stolen.
Home insurance not only covers the structure of your house, but you can get a policy that also covers other structures on your property. These different structures can include garages, sheds, and even decks. Your home insurance policy will also cover your personal belongings, electronics, furniture, appliances, and other household items damaged or destroyed inside your house.
When it comes to liability, home insurance is your number one priority. This is because it will help you cover the medical expenses and other related costs if a visitor to your home is injured. Your home insurance policy can even help you out with legal expenses if the person decides to sue you.
Contact Commonwealth Insurance Center
Our agents at the Commonwealth Insurance Center serving the Williamsburg, VA area are ready to assist you with all your insurance needs, including your home insurance policy. Call today for a quote and to get your policy started.