When you buy a house, homeowner’s insurance is essential to protecting your investment and will be required by mortgage lenders. Before you purchase home insurance, it helps to understand how it applies to you and your new home.
Most people need to obtain a mortgage in order to buy a house. A mortgage company may require you to have homeowner’s insurance. Even if you no longer have a mortgage, or never did, homeowner’s insurance is still important. The consequences of not having this coverage are often vast. However, this type of insurance doesn't necessarily pertain to every single thing that could go wrong with your home. For example, if your house is flooded, it is irrelevant whether you have homeowner’s insurance or not. Yet even typical wear and tear that can happen to any house is not something homeowner’s insurance policy concerns. Your homeowners' insurance requirements may be different from other cities throughout your state. It pays to find out what specifically applies to you.
There are other considerations if you live in a motor home. You may only want the basics when it comes to your homeowners' insurance policy. It is still recommended that you have insurance to protect yourself and your belongings. Don't make the mistake of thinking that just because you don't have a full-sized home that you don't need insurance. One factor to consider is whether you own the land your mobile home is parked on. If you don't, having homeowner’s insurance is still crucial to your peace of mind.
No matter what kind of home you own, having insurance for it is your protection from many of the things that can go wrong. By obtaining homeowners' insurance you are securing a future for your family.
At AS Insurance Agency we are passionate about helping you get the coverage you need. Our experts will help you insure your home. All you must do is make an appointment with us.
While our offices are in New Hampshire, Ohio, Pennsylvania, and Tennessee, we can serve clients in multiple other states as well.
