Do I Need Homeowners Insurance?

Simply put, you probably need homeowners insurance if you own a home. This kind of policy can help financially protect your home investment and other assets if you’re responsible for damage to others. Going without coverage could quickly lead to financial ruin after an incident, regardless of fault.

Why Is Home Insurance Important?

Homeowners insurance is essential because it can offer financial assistance after damage to your home or losses you cause to others. Consider if a kitchen fire destroys your home and you must rebuild. Could you afford to pay for everything out of pocket? What if your dog bites a neighbor and they sue you—could you cover their medical bills and any associated legal costs? Home insurance may be able to help in these and other scenarios, making it a vital tool for all homeowners.

What Coverage May Be Available?

Home insurance comes in various forms and may vary depending on the insurer. Generally, the following are typical offerings:

• Dwelling coverage may cover the physical structure of the home.

• Contents coverage may cover personal possessions within the home.

• Other structures coverage may cover detached structures, such as garages and sheds.

• Liability coverage may cover third-party claims you’re responsible for, such as if a guest slips in your home and sues.

• Additional living expenses coverage may help pay for temporary living arrangements, including hotel stays and food, if your home is uninhabitable after a covered event.

The components within a homeowners insurance policy are subject to coverage limits. Be sure that your policy accounts for the replacement cost of your home, its contents and your total assets. Your B & A Insurance, LLC broker can help review your circumstances and recommend suitable coverage.

How Do I Find Affordable Coverage?

Contact B&A Insurance, LLC today to discuss home insurance available near you.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.