Homeowners insurance is valuable protection that provides peace of mind in the event of unforeseen accidents and disasters. Standard policies provide security against damages to your home caused by theft, fires and many other natural disasters. In California, it is recommended that you purchase additional coverage to protect against earthquakes and floods as well. Homeowners insurance is an important investment as it protects you from liability in the event that someone is hurt in your home. While some view homeowners insurance as an unnecessary expense, it is important to keep in mind that investing in a policy can save you remarkable amounts of money in the event your home is damaged, destroyed or broken into.
When Should I Invest In Homeowners Insurance?
If you are taking out a mortgage to purchase your home, most lenders will require you to purchase homeowners insurance. This gives the lender protection in the event that your home is damaged. Until you pay off your mortgage completely, the lender is financially the owner of your home and they will require the financial security of homeowners insurance. However, even if you do not have a mortgage, homeowners insurance is a smart investment.
How Does It Work?
In the event of an accident or disaster, if your home endures damages that are protected by your homeowners insurance policy, you will contact the insurance agency and file a claim. Once your file is claimed, they will send out an experienced adjuster to evaluate the damages. Once the insurance adjuster assesses the damage, the insurance agency will offer you a sum of money to fix the damage and settle the claim.
Your home is one of your most important assets. Everyone homeowner needs homeowners insurance. Protect yourself from liability and financial losses by giving us a call at Nickerson Insurance Services, Inc. Talk with one of our knowledgeable Coverage Consultants and get started protecting your home today.