Here’s Why You Need Home Insurance
What if we told you that protecting your home, your belongings, and your finances could be done with a single insurance policy? And what if this same insurance policy had the power to reassure mortgage lenders and get you into your dream house faster?
Believe it or not, home insurance allows Hamilton’s current and future homeowners to accomplish all of these things and more. Here are just some of the reasons why we always advise our clients to take out home insurance:
1. Insurance Coverage Allows You to Prepare for the Unexpected
If the electricity malfunction that led to a fire had a bright neon sign announcing it as such, protecting your property would be easy. But whether you’re worried about tornados, fires, or damage from burst pipes, the unfortunate reality is that an insured peril could wreak havoc on your home tomorrow and you might not have ever seen it coming.
When you’ve taken out a well-constructed home insurance policy, you don’t have to lay awake at night and wonder where you’ll find the money to finance those post-insured peril repairs. Why? Because securing the funding you need is as easy as filing a claim.
2. Home Insurance Can Protect You Against Personal Liability Claims
Most people are familiar with slip and fall liability scenarios for businesses. But what a lot of folks don’t realize is that personal liability claims can happen to homeowners as well.
Someone could slip on your icy front steps. Or, if you’re getting renovations done in the future, a contractor could make a mistake that damages your neighbour’s property. And depending on the circumstances, these injured third parties could decide to take legal action against you.
Lawyers are expensive to hire and judgment amounts are often even pricier. If you ever have to defend yourself against a personal liability claim, your home insurance policy can step in and cover your costs.
3. You Can Get Coverage for Your Belongings
When your house is on fire or a gang of thieves are vandalizing your property, the home itself isn’t the only thing that’s like to be at risk — personal items like laptops, furniture, and clothes could be damaged or destroyed too. And when you add up the replacement value of all those items, you might be looking at a solid four figures.
Home insurance doesn’t have to be restricted to covering just the building. You can take out coverage for the belongings you store inside the house as well. In the aftermath of an insured peril, that extra bit of coverage can go a long way towards helping you rebuild your home and your life.
Looking for home insurance? Insurance Hero is to the rescue! Request your FREE home insurance quote today.