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Whether you are in the market for a new home or you just paid off your mortgage, you may wonder if homeowners insurance is really worth the cost. A homeowners insurance policy offers you peace of mind and protection from financially devastating property damage, which makes it a worthwhile purchase. The full coverage insurance team at Fritch Insurance, located in Beatrice, NE, explains why homeowners insurance is so important.

Consider these four reasons why you should purchase a homeowners insurance policy:

  • Protects Your Dwelling & Structures: Your policy protects the structure of your home if it is damaged due to fire damage, lighting strikes, or theft. Depending on the details of your coverage, your policy may also pay for repairs to damaged structures on your property, such as sheds or fencing.
  • Homeowners Insurance Covers Your Belongings: Your homeowners insurance policy protects your personal effects, such as clothing and electronics, if they are stolen or damaged. You probably own more personal property than you realize, and it can cost a lot to replace these items.
  • Provides Liability Coverage: Liability coverage may be the most important part of your homeowners insurance policy. If a person injures himself on your property, your liability coverage pays for their medical bills and your legal fees if that person sues you. 
  • Meets Mortgage Obligations: If you are paying off your mortgage, you may be required to have a homeowners insurance policy by your lender for at least the amount you still owe. This insurance coverage protects the lender if your home is damaged or destroyed.

The full coverage insurance experts at Fritch Insurance will help you find affordable insurance coverage to protect your most valuable assets. Give them a call at (402) 223-3312 or visit them online for more details about their agriculture and crop insurance.

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