Whether you are just getting your first home or have already paid off the mortgage, home insurance is valuable to have. While it is not required in the state, having home insurance can protect one of the most valuable assets you have. Home insurance may be required if your lender requires it as a condition of your mortgage. The lender wants to make sure that the financial investment in your home is protected if it is destroyed or damaged. If you don’t find your own home insurance, your lender can buy the insurance and then charge you for it. Even if you own your home outright, it’s still a good idea to protect your big financial investment by having home insurance. Not only does home insurance protect your home, but it also covers other items of value you may own and keep in the home.
Each policy can be slightly different, but you should expect some standard coverages from your home insurance policy in the state. An agent at Emporium Insurance Agency can help you determine if additional coverage is necessary.
Dwelling coverage protects the home structure, such as the walls and roof. Other structures, such as detached garages or sheds that are still part of the property, can also be covered. Personal property coverage protects what is inside the home, such as clothing or furniture, and provides coverage even if items are stolen or damaged outside the home. Liability protection helps protect you if someone is injured at your home or you or a family member accidentally cause damage to someone’s property. Liability coverage pays for costs related to this, such as legal fees, repair costs, or help with medical bills. Guest medical protection pays for some medical expenses for guests who are injured at your property. Additional living expense coverage covers increased expenses if your home isn’t habitable after a covered loss.
Contact Emporium Insurance Agency to get a quote on home insurance.