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Reasons Why You Need Homeowners Insurance. If you are negligent in your responsibility to have insurance on your property, in many cases by either law or contract (the mortgage contract) you will be forced to carry homeowners insurance. U.S. state laws require you to carry property insurance, they do often require some form of liability insurance, especially for cars.
The Insurance Girl Brokerage can provide you with a free homeowners insurance quote. Currently insuring the states of New York & New Jersey.
"This insurance covers repair or financial restitution to someone else besides the individual at fault. For example, the person at fault's liability insurance pays to have their car fixed, or pays their medical bills. Fortunately, when most of us purchase the required liability coverage, we are given the opportunity to purchase the property insurance (i.e., comprehensive or collision insurance) rather easily, thus saving us from financial hardship if our own car is damaged in the accident". -Daniel Myers, investopedia.com," The Importance Of Property Insurance", " 25 Jun. 2019
"One-third of homeowners believe flood damage will be covered by their standard policy. Over half think their policy covers them in the event of a water line break. Thirty-five percent say they will be compensated for an earthquake, and a slightly lesser proportion thinks mold is covered."
The typical perils (causes of property destruction) that are typically not covered are:
The typical covered perils are:
Check your policy to see what is covered and what is not covered. Minimum legal required limits may not always provide adequate insurance. Questions to ask yourself:
Call The Insurance Girl Brokerage now for a free homeowners insurance quote (800) 870-5190 or fill out a quoting form. Currently insuring the states of New York & New Jersey. Let's Keep Your Interest Safe!