Am I required to have home insurance?

Most mortgage companies require home owners to purchase home insurance, which is a good idea for rental homes as well. Instead of risking a huge out-of-pocket expense when disaster strikes, purchase an affordable home insurance policy.

You don’t plan for thieves to rob you or for fire to destroy your home, but these events happen every day. A home insurance policy covers the actual cost or replacement value of household items.

In addition to damage caused by vandals, weather related damage affects residential properties. Wind blows loose shingles off the roof or freezing temperatures during Burtonsville winters cause the sidewalk to crack. An insurance policy covers structural repairs. Consider purchasing additional coverage that provides temporary accommodations when your home is too damaged for occupancy.

With the prevalence of lawsuits, consider adding medical coverage to a Glen Dale home insurance policy. If a neighbor or repair-person trips on the stairs, a home insurance policy covers the medical expenses. Likewise, if someone claims to suffer an injury while on your property and sues you for a covered loss, liability insurance protects your assets.

An independent insurance agent assists you in answering questions you have about home insurance. They compare prices for you, find affordable coverage that meets your needs and provide adequate coverage when you are ready to purchase home insurance for your primary or rental property.