3 Reasons Why You Need Homeowners Insurance

3 Reasons Why You Need Homeowners Insurance

Whether you have a mortgage or are looking to purchase a home, homeowners’ insurance is a necessity. Sometimes you don’t even have a choice; homeowners insurance is required by many lenders when you have a mortgage, and for a good reason. But if you have the option, always go with the safety net. The thing is, homeowners insurance doesn’t just protect the house; it also protects you and your loved ones. From your personal belongings to any guest injuries, having the insurance can quite literally save you a pretty penny. Here at Coastal Choice Insurance, located in Florida, we have you covered with the best insurance for you and your family. Our team understands just how important it is to have the extra protection, and want you to feel the same way. If you still aren’t sure why homeowners insurance is so vital, keep reading.

  1. Guest Injuries

The common assumption about homeowners’ insurance is that it is recommended or required for the protection of your home. While this is true to an extent, it protects so much more than that. One thing many don’t consider that is just as important as house protection is guest protection. While you never plan on a guest getting injured while at your house, it can happen. Whether the injury is from a dog bite or some sort of accident, your homeowner’s insurance has got your back. With the insurance, you can have peace of mind that any freak accident will be paid for partially by your insurance company, saving you money. You may think that one of your guests would not bill you for an accident or something that is not your fault, the truth of the matter is that you never really know what someone will do in a situation like that until it happens. And here at Coastal Choice Insurance, we like to say it’s better to be safe rather than sorry.

  1. Property Coverage

Property coverage can mean a lot of things, but in this case, we mean your personal belongings. There’s something about the things we own and us getting an attachment to them, so naturally, it makes sense to want to protect our furniture and belongings through insurance. With homeowners insurance, you can have peace of mind that your belongings are protected. From your electronics to your home furniture, it’s all covered. We recommend getting this protection just in case your home gets damaged in a fire or by flooding, or in case you are a victim of a robbery. These scenarios may not sound usual enough for you to consider insuring your items over, but they do happen to enough people where it could very well happen to you, too.

  1. Extra Living Expenses

If you have never experienced your home suffering from flooding, a fire, or mold damage, then consider yourself lucky. These kinds of home damages are horrible for the obvious reasons; your home is damaged, needs to be fixed up, and now you have to deal with the claims process. But that’s not even the worst part of it all. When your home suffers through damage to this extent, you can’t even live in it. You will more than likely have to find a temporary living situation. Some people opt to stay with family, but not everyone can make that work. Many people get stuck in pricey hotels. When this happens, you can expect to shell out a lot of money; unless you have homeowners’ insurance. With insurance, you can rest assured that your insurance company will cover some of your living expenses while your home is getting fixed up, another insurance where your wallet will thank you.

If you are reading these circumstances and think that these are purely what-if situations, think again. Tons of people every year suffer from natural disaster damage to their homes, especially during hurricane season. Having the thought process that these scenarios could never happen to you is what the other people who did suffer through these circumstances thought. When it comes down to it, your home is an investment and should be thoroughly protected. To learn more about the benefits of homeowners’ insurance, give our team at Coastal Choice Insurance a call today at (877) 778-9295.