Let’s be honest. Paying for homeowner insurance is something most people don’t look forward to doing. In fact, many actually cringe at the thought of having to pay monthly bills ritually. It is almost as if you may be shelling out money for something you are not using. When people look at homeowners insurance from that perspective, they may be inclined to cancel it. Others will often decide that they can do without it. However, the importance of having homeowners insurance is something that has been proven time and again. Especially for those who live in areas that have a history of floods, hurricanes, storms or other natural disasters.
Having homeowner’s insurance is one of the most crucial and smartest moves a property owner can make. There are countless of reasons why having an active insurance policy on your home is important. Whenever anything happens, you, your family and property, will be covered. Still, in some states, homeowner’s insurance can be expensive. This usually leads to people not purchasing a policy. Or updating their present one. Nonetheless, that can turn into a very costly mistake in the long run. And it is not a mistake any property owner can afford to make.
Niceville Insurance Understands
Here at Niceville Insurance, we understand this dilemma. For years, we have been helping residents of the Twin City, Niceville, Valparaiso, obtain great prices on their insurance policies. Our top-rated insurance services cover numerous areas in Niceville, Valparaiso, Florida. We help residents in the Defuniak Springs, Freeport, Rosemary Beach, Seacrest, Watercolor, Seaside, Grayton Beach, Santa Rosa Beach, 30A, Sandestin, Miramar Beach, Destin, Ft. Walton Beach, Shalimar, Navarre, Gulf Breeze, Point Washington, Mary Esther, and Crestview areas.
If you are still hesitant about whether or not you should have an active homeowner’s insurance policy, think about the reasons below. The same for those who may be considering canceling their present policies or not renewing them. In truth, no matter how costly you may find homeowner’s insurance to be, it is the best thing you can buy. You just have to hope you will never have to use it.
Covers Your Home’s Structure
By far, the most crucial reason to have homeowners insurance active is that it covers your home’s structure. If the damage to the home structure falls under this coverage of the policy, you can rebuild. All you need to do is make sure you know exactly what the amount will be from the insurance company. Still, if disaster should strike, you will have coverage to rebuild your home’s structure if needed. Having an active policy that covers your home’s structure, is a very wise move financially as well.
Required By Law
For those that have a mortgage, having homeowners insurance will likely be required. This is according to the Insurance Information Institute. The same applies when you need to refinance or mortgage your home. Typically, during these proceedings, companies will ask – in some cases demand – that you provide proof of homeowners insurance. No lender will ever want to make an investment, without knowing if they will be protected. Even if you don’t have insurance, a lender is allowed to purchase some and charge you for the cost to have it in place. This is according to the Consumer Financial Protection Bureau.
Gives You Peace Of Mind
Nothing provides a greater peace of mind than knowing you, your family and property are protected. No one really knows when and if disaster will strike. That is what makes insurance what it is. However, it is a preemptive move which will be there should the need to use it, ever come up. There is no sense in spending sleepless nights worrying about what will happen if you are not covered. The adage of ‘better to be safe than sorry’ applies perfectly in this situation.
Will Pay To Replace Belongings
Most standard homeowners insurance policies cover the replacement of your belongings. This is in case something catastrophic happens. For those that may think that they don’t actually own too many things, consider the following. Replacing all of your belongings will add up to a substantial amount of money rapidly. It is protection from having to ever go without any of your belongings, should a natural disaster strike. Keep in mind that you should keep an updated list of all your belongings. This will come in handy in the event you have to file a claim one day. A rider may be needed to insure high-value items such as antiques, artwork, and furs.
Protects You From Liability
One of the best unknown benefits of having homeowners insurance active is that it protects you from liability. Should anyone get hurt while on your property, you can be sued. A friend or visitor may slip or break a bone. Even if your dog bites someone, there is a chance you can be taken to court. Homeowners insurance provides that liability coverage. The harsh reality is that we live in one of the highest litigious times ever. Many instances of homeowners having to declare bankruptcy have happened. This after someone sued them for damages the person sustained on their property. Having an active policy in place will give you protection should anyone get hurt on your property.
There are many reasons why it is important to have insurance on your home. Remember, if you need an affordable and competitive homeowner’s insurance quote, Niceville Insurance Agency can help. Niceville, Florida residents in areas such Freeport, Rosemary Beach, Watercolor, Defuniak Springs, Seacrest, Mary Esther Seaside, Destin, Navarre, Crestview, Grayton Beach, Santa Rosa Beach, Sandestin, Miramar Beach, Ft. Walton Beach, ShalimarGulf Breeze, 30A and Point Washington, who need a homeowners insurance policy, should call or visit us today.
About Niceville Insurance
Niceville Insurance Agency has been proudly serving our local communities since 1995. Our specialty has been delivering insurance solutions for individuals, families, and businesses throughout Northwest Florida. Contact us for a no hassle insurance quote today!