A Must in Homeownership: Homeowners Insurance

by Christine DemosJune 18, 2010

Once you buy a home, you’ll learn all about how important and life changing a home can be. For such an important investment in your future, it seems logical that having insurance or a back-up plan would be a smart choice.

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Home insurance is crucial in owning a home, just for the simple fact that you can’t predict the future. Tomorrow a fire may erupt next door that ends up burning half your fence down. Or maybe there will be a home evasion and you’ll lose valuable items. Whatever the case may be, purchasing a good home insurance policy is always the logical choice; should you ever have to endure a situation where you’ll need it.

Homeowner’s insurance policies range in price per month, coverage amount, deductibles and damages covered; therefore, examine many policies from different agencies to compare. Find one that suits you and your families’ needs. If you’re still searching for your home, check out the Home Buyers Insurance Checklist from the Insurance Information Institute to understand the insurance implications of your purchase. If you’ve already bought a home and want to know if you have the best policy for your area, check out their Homeowners Insurance FAQs.

About The Author
Christine Demos
Christine is the Content Marketing Specialist for Homes.com. She's a small town girl at heart, who currently lives in Norfolk, VA with her husband and their fur baby. When she's not working, she enjoys cooking, decorating, traveling, and binge watching Netflix. As a proud Virginia Tech alum, she also loves cheering on the Hokies!
1 Comments
  • October 29, 2012 at 5:34 pm

    Great Article. I can’t tell you how many people have let their home insurance policies laspe because they say they can’t afford it any longer. Some of those people are now facing lender placed insurance which is usually double what they were paying for private insurance and the mortgage company only insures the banks interest. That means if the house burns down the bank gets paid and the owner walks away with only their clothes on their backs. Insurance seems expensive until its needed, thats when people wish they had paid more for the insurance so as to get more coverage but then it’s too late. Thanks for starting the conversation about insurance.

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