Your home is most likely one of your most important assets, so it makes financial sense to protect your investment with home insurance. To help you understand the wisdom of such a plan, Charles Adams Insurance Agency, the premier seller of home, life, and auto insurance in Ashland, KY, explains below why home insurance is so important. Armed with the information below, you can make wiser decisions about your insurance needs.

3 Reasons Why Home Insurance Is So Important

1. It Protects Your Investment

Home insurance always includes dwelling coverage, which protects you financially if your home is damaged or destroyed in a fire, storm, or any other tragedy. It covers the main house, along with any attached structures (e.g. a garage or deck) and, in some cases, other structures on the property, such as fences or outbuildings.

2. It Protects Your Personal Property

Home insurance also covers the contents of your house. For instance, if your personal property is damaged, destroyed, or stolen, you will be reimbursed for the value or replacement cost, depending on the terms of your policy. Covered items include furniture, appliances, clothing, electronics, and other valuables. Some high value items like artwork, collectibles, or expensive jewelry may need to be singled out, photographed, and documented, so you can collect the full value.

3. It Protects You Against Legal Actions

As a homeowner, you could be liable if someone suffers injury or property damage on your property or due to actions deemed your fault. In such cases, your home insurance policy's liability coverage kicks in. It pays to repair or replace damaged property, for medical treatment, injuries, and legal costs, including lawyer fees, court costs, and judgment or settlement amounts. This type of insurance coverage is particularly important, since medical and legal fees can easily reach thousands or even hundreds of thousands of dollars after a single, catastrophic accident.

Charles Adams Insurance Agency, the most trusted and experienced home, life, and auto insurance agency in Ashland, KY, can help you choose the right types and amounts of home insurance coverage to give you the protection you need at a rate you can afford. Visit the website to view directions and the hours of operation, or call (606) 325-9709 to request a home insurance quote.