Who Needs Home Insurance and Why

While there are no laws that require homeowners insurance, it’s a good idea to get it. If you have an expensive home, there is a need to take precautions because the future isn’t promised, and if a storm were to cause serious damage, for instance, you would not enjoy paying out of pocket for the whole cost. Pro Insurance Group is on hand to help you if you’re in the Follansbee, WV area. We will answer your questions and give you a handy guide on homeowners’ insurance basics.

Who Needs to Get Home Insurance?

Start with the basics first; who exactly needs to get homeowners’ insurance? Anyone who has a home or is purchasing a home needs to buy insurance mainly because of security. If your valuable property gets destroyed, you should be able to have it restored without digging into your pockets. 

If you hope to get a mortgage to finance your home, you will need to get insurance so that your prospective lenders know you are not getting into a risky situation and putting them in a bad deal.

Why Get Home Insurance?

There are a few reasons why and the main ones are:

  • It will help you pay for necessary repairs that arise due to a covered loss like fire or lightning, hail, vandalism, civil commotion, or any other sudden, accidental occurrence.
  • It can help you replace your possessions if they get damaged due to a loss covered by the insurance.
  • If your policy includes additional living expenses, it will cover the costs incurred from staying at a hotel while your home is renovated.
  • If a guest gets injured in your house, your insurance can help cover both medical and legal bills if need be.

If you’re a resident of Follansbee, WV, and you’re ready to start the journey to stress-free homeownership, check out the Pro Insurance Group, and we will be happy to help you get a robust cover.