When you first buy a house, one of your next steps should be to select the right homeowners insurance plan, as this is critical for your family’s well-being and your home’s integrity in the event of an emergency. Destructive events, such as fires and acts of nature, are real, and, while you can’t always control them, you can at least make it easier to get back on your feet afterward. If you’re new to this kind of insurance coverage, here’s what you need to know.
What Is Homeowners Insurance?
The standard homeowners insurance policy will cover both your home (i.e., all its infrastructure, including roofing, walls, and foundation) and all of the possessions inside it, up to a certain dollar value. It will also define your personal liability in case of any injuries or property damage occurring on your land, whether caused by you, your family, pets, or yard hazards. Most policies cover certain acts of nature, but not all; for example, you may need a separate policy for flooding, if you live on the coast.
Why Do I Need It?
Your home is probably your most valuable asset and, as such, worth protecting. You might even be required to have homeowners insurance if you have a mortgage. Certain lenders might even buy a policy for you and charge you for the cost, but, if this is the case, you won’t have much control over its stipulations. You might prefer to choose your own policy to ensure you get the exact coverage you need.
Getting the right homeowners insurance coverage can get complicated, but it doesn’t have to be frustrating. With help from a personable and knowledgeable agent, you’ll get the policy you require with no hassle at all. Call Randolph County Farm Bureau in Asheboro, NC, at (336) 629-9187 to speak to an agent today. For more information, visit their website.