fbpx Skip to content

Why you need home insurance


Reasons Why You Need Home Insurance

Insurance is a contract that protects you. You make payments to a company that agrees to cover or reimburse you for any damages or losses. Basically, insurance gives you security in those “what if” moments. We all wonder about the things that can go wrong. What if a storm comes in and causes major damage to your house? Most people do not have savings for such occasions. In fact, a lot of homeowners have already invested their life savings in buying the house.

Why Home Insurance?

So, what do you do when faced with the more unfortunate moments in life? Without insurance, a bad event can be made even worse. On top of responsible planning, homeowners insurance brings security and peace of mind. You can rest soundly, knowing that if the roof over your head caves in, you will be able to repair it.

Unlike auto insurance, homeowners insurance is not a state requirement. However, insuring your home is often required by your mortgage lender. After all, it’s their investment as much as it is yours. If something happens to the property, they stand to lose a great deal. So, they want to make sure that their investment has security. For the homeowner, this is also a smart move. You have already taken out an expensive loan on your home. If anything happens to the property, you will be responsible not only for the amount of your loan, but also the cost of any damages.

What Does Homeowners Insurance Cover?

In addition, having homeowners insurance also protects you in various different situations that might arise. Storms and extreme weather can cause a great deal of damage to a home’s structure. Wind and hail, earthquakes, fire, and floods all have the potential to devastate homes. Dealing with the aftermath of a storm can be hard enough without the extensive, costly repairs. You might have to wait and save up or opt for a cheaper quick fix that leaves your home structurally vulnerable. There is not a lot of security in this. Even after you make repairs, there is always the chance that another storm could happen right after. This would put you back in the same dire position. Is that a chance you want to take?

In the event that the damage is severe enough that the home is not livable, insurance can also cover temporary arrangements. You and your family might need housing while construction is being done. And the coverage isn’t just lodging; it could also cover food, laundry and dry cleaning, storage space, and internet/cable connection.

Protecting Your Liability

Another concern in owning a home is the possibility of someone being injured on your property. There are so many situations in which this could occur which you cannot predict. For example, you might know that someone is even on your property. Often, people don’t worry about this because they have maintained their property well, but is important to note that it might not be your fault. For example, you could be sued from something as simple as someone delivering a package and slippy in your icy driveway. The liability protection will cover any legal and medical fees, as well as, any lost wages for the injured party.

The Takeaway

There are many reasons why you need homeowners insurance. Security is worth the monthly cost of insurance payments. Be smart and proactive to protect your home.


Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

1 Comment

  1. Raquel Bertel on April 11, 2019 at 1:20 pm

    Hello my friend! I want to say that this article is awesome, nice written and come with almost all significant infos. I’d like to look extra posts like this .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Save on Car Insurance: Top 5 Ways to Secure a Cost-Effective Auto Policy

October 17, 2019

We are all trying to save more money, but sometimes there don’t seem to be any areas to cut back. One avenue to explore is ways to save on car…

Read More

All Risk Home Insurance Coverage: It’s a Risky Business to Go Without

October 15, 2019

We have all heard the horror stories about people not buying specific insurance coverage and then losing their homes to a tragedy. After an earthquake in California, our neighborhood chat…

Read More

Gap Coverage 101: What You Need to Know About Health Insurance

August 22, 2019

Mind the Gap There are several situations in life that cause people to either change their health insurance, end their health insurance, or have a gap in coverage. I recently…

Read More

Motorcycle Insurance 101: First Time Riders

August 13, 2019

The Cool Commuter When you think of motorcycles, a few things come to mind. Typically, they are thoughts related to the Sons of Anarchy. However, there are actually a lot…

Read More

Could a Hybrid be the Answer to Your Commuter Blues?

August 13, 2019

If you are a commuter that drives into work or school daily, then you may have noticed that there are more cars on the road than ever before. Big cities…

Read More

Small Business Insurance 101: Construction

August 3, 2019

Construction and Insurance Home improvement is a trend that looks like it is here to stay in the US. With shows like Fixer Upper and Love it or List it,…

Read More

Road Trip and Car Insurance: Being Prepared

July 20, 2019

Road Trip Preparation Summer vacation is something that we look forward to all year. Here at Insuravita, we know that nothing ruins vacations like an unexpected insurance mishap. One of…

Read More

Average Costs of Teen Drivers: Teenagers and Auto Insurance

June 5, 2019

It is stressful to be a teenager and stressful to raise a teenager. And everything changes at age sixteen. Suddenly, teenagers are learning to drive and there are so many…

Read More
Scroll To Top
%d bloggers like this: