Are You a Homeowner? Here is Why You Need to Have Home Insurance

There are many reasons why you get insurance for things. It might be for a beloved pet that you want to be able to take care of, should they need it. It might even be for something like your smartphone or tablet, just incase anything happens to them. The idea of insurance is that we spend a little over time, to help us avoid spending a lot. In the worst case scenario, vet bills, hospital bills or even a new tablet, can cost a lot of money.

When you are a homeowner, there is nothing more important than getting home insurance. The cost of a new phone or a vet bill will be nothing compared to the cost of fire damage restoration if your home catches on fire. There are other things that could happen too, that you can’t plan for. What if a neighbor’s tree falls on your house? What if the lake near where you live floods, and your first floor gets soaked? There are a lot of possibilities, and you want to be covered in case of emergency. This is one of the best reasons why you should get home insurance.

image

If you have home insurance, you will also have your possessions covered. Can you imagine having someone rob your home and then you have to pay again, for everything that was taken? Another laptop, expensive watch, TV. All would need to be bought again at your expense. It is so handy to have insurance to cover the cost of these things. You get the actual cash value of the items or a replacement in most cases too. So if your TV was quite old, you might get a replacement that is even better. Another winning reason to have home insurance!

Buying a home is a big investment. It can cost a lot of money. A lot of people want to make sure that if, and when they sell, they get a lot of money back from their investment. One way that they choose to do this is by making changes to the home. It might be a loft conversion or a new kitchen or bathroom. Can you imagine having a floor fall through as you are having a new bathroom installed? An accident like that is covered using home insurance. Can you imagine if you had a child that spilled paint all over your brand new carpet? In most cases, home insurance would cover accidental damage like this too. So having home insurance helps to protect your investment. You would just be losing money if you were paying out for damages all the time.

If nothing else, having home insurance helps to provide you with peace of mind. Fingers crossed that you will never be someone that has a home in the path of a tornado. But just in case you ever were, home insurance is the best thing to have. Have you ever had any experiences of this? It would be interesting to hear your thoughts.