Homeowner’s Insurance

Homeowner’s Insurance

Key Reasons Homeowner’s Insurance is a Great Investment

The home that you and your family live in likely represents the biggest financial investment you will ever make. Protecting that investment with homeowner’s insurance is one of the smartest decisions you can ever make. The outbreak of fires, floods, damaging hurricanes and other severe weather is happening with greater frequency in all parts of the country. So, it’s a very good idea to contact a local Frisco, Texas insurance agent who can offer you one of the many fine policies provided by an array of reputable companies.

Here are the key reasons why homeowner’s insurance makes a great investment and should be part of your annual household budget:

Satisfies Lender Requirements

If you recently purchased a home with financing from a bank or other financial institution, you are likely required to have a current homeowner’s insurance policy in force. Having adequate insurance coverage protects both you and your lender from financial devastation in the event the house and property becomes destroyed or damaged.

Protection for More than Your House

The right insurance policy not only covers the house itself. Your Frisco, Texas insurance agent can help you customize your coverage to include any attached structures such as a deck or garage. Other structures on your property, such as storage and gardening sheds, can also be covered. Personal property, such as furnishing, electronic devices, artwork and your wardrobe that may be stolen or damaged can be also protected. An insurance policy can cover you against damages claimed by anyone visiting your home who becomes injured. You and other family members can also be protected if you are legally found responsible for damages or injuries caused to another party or their property. Financial resources to help you live elsewhere while your house is being repaired is another great benefit to having insurance.

Limits and Deductibles

When discussing insurance to cover your house, outside structures, personal property and liability against damages, you can determine the appropriate amount of coverage you want or need in addition to setting up an affordable deductible, the amount that you pay toward loss or damage before the insurance company steps in with their payment. Because your policy is customized to your needs, it can easily become an affordable part of your annual budget.

A Financial Safety Net

Losing one’s home or personal property to fire, weather damages, theft or flooding doesn’t have to be devastating. Having your local Frisco, Texas insurance agent help you obtain a customized homeowner’s insurance policy can help protect you from experiencing financial loss by providing a safety net against unexpected damage or destruction.  To find out more from a local Frisco Texas insurance agent, click here.