Why You Need Homeowners’ Insurance

When you purchase a home, you will want to protect your property and belongings with an insurance policy. With homeowners’ insurance, you can rest assured that you have additional protection against unforeseen issues, like storms, floods, or electrical problems. When you do not have these coverages, you can end up paying thousands of dollars out of your own pocket to make repairs or replacements if your home is damaged. Our public insurance claims adjuster in Orlando, FL understands the benefits of having the right insurance plan for your home. These are just a few of the reasons why you need to get a homeowners’ insurance policy.

You Have a Mortgage

When you enter into a mortgage agreement with a bank or loan office, they will likely require you to have proof of insurance before you sign anything. Although homeowners’ insurance is not a requirement in many states, your lender will want to see that they are protected in the event that a tree falls onto the home or it catches fire. Typically, they will want to see that your policy covers the amount of the mortgage.

You Want to Protect Your Home

Homeowners spend much time, effort, and energy to keep their homes looking great. An insurance policy protects all that time and energy in the event of a disaster. If you spend hours or days constructing a deck or a shed, or you have just invested a lot of money in a home renovation, you want to protect your investment by getting an insurance policy that has coverage from damage or losses.

You Want to Insure Your Belongings

Most people keep their prized possessions inside their home. Although some people take additional security measures to protect their valuables, some leave them on dressers or side tables. This leaves them susceptible to issues like burglary or theft. When this happens, you will want to trust that your homeowners’ insurance policy will kick in and pay for any replacements of these valuables. The last thing you want is to lose something meaningful and not even get any compensation to attempt to replace it.

You Need Somewhere to Live after Your Home is Damaged

In the event that your home is destroyed in a flood, storm, or fire, the space may be deemed unsafe for you to live. When you have a homeowners’ insurance policy, you can make the repairs in your existing home while having a place to live during this time. Your policy may cover any living expenses during the time of your repair, which can save you from being stranded, unsafe, or having to burden family members for a couch to sleep on.

These are just a few of the reasons why you need a homeowners’ insurance policy. When you protect your home from any damage, you can save money on needing to make repairs and replacements out of your own pocket.

If your home is damaged from a storm, fire incident, or other unplanned event, contact our public insurance claims adjuster in Orlando, FL today.