Homeowner and Renters Insurance
Homeowners Insurance is a Must! Homeowners insurance is a critical investment. Many think it is only necessary when a mortgage is due, but the truth is that it is always needed. A homeowner should never put their belongings, memories, and financial welfare at risk, and homeowner’s insurance is available to protect it all. As a homeowner, it does not matter whether there is a mortgage or not. Homeowner’s insurance is necessary. You have the responsibility to protect your investment.
Why is homeowner’s insurance necessary?
If you have a mortgage, most lenders require homeowner’s insurance. Before closing on the property, proof of insurance is needed. Although it may increase the monthly premium, it is a safe bet to have peace of mind and enjoy each day of being a homeowner by knowing that your personal belongings and home have coverage. Also, the lender wants assurance before funding the mortgage that the investment is protected in the case of damage due to fire, wind, or any other cause.
Some other causes could be floods, for which you should strongly consider adding flood insurance. Additionally, lightning strikes, hail, and mildew are just a few. A common experience is a busted pipe. Regardless, having insurance is a great way to guard against moments of distress.
Protection Beyond the House
Dwelling Coverage
Dwelling coverage provides additional protection on a covered peril if the home is attached to dwellings such as a garage or a deck. In short, peril means risk exposure.
Other Structures Coverage
Your homeowner’s policy can protect against other structures, including a fence or shed not attached to the home. Also, a swimming pool may be covered under this portion of the policy.
Personal Property Coverage
Your personal property is covered under this coverage. Your homeowner's policy is an excellent way to get started with some coverage on your personal belongings. Still, there are additional coverages that you may want to consider adding due to their value, such as jewelry and art. In this case, coverage beyond the homeowner’s policy may want to be considered.
Personal Liability Coverage
Being a homeowner, you are always exposed to the risk of injury by visitors on the property. This type of coverage lets you be concerned about their well-being and not a lawsuit, which could financially ruin you.
Other Considerations
Some parts of the country have had earthquakes. We at StarNet Insurance Group are here to guide you through additional coverages you may want to consider, and protection against earthquakes is one of many.
Strongly consider your limits of liability compared to the amount of exposure. The value of your home is a basis to get started. The more expensive the home is, the more you are at risk, so start considering how to minimize your financial exposure.
Also, consider the extended replacement cost for your dwelling. It can pay upwards of 25% above the limits of coverage. Having this as part of your policy may be extremely valuable after a major disaster like a hurricane.
Homeowners insurance cannot prevent disaster, damage, or injury. However, it can provide a financial safety net in the case of exposure, which is the reason for insurance. It protects valuables in cases of emergency.
StarNet Insurance Group is designed to find solutions to your homeownership needs. Our job is to offer you the most protection at the most affordable premium. We are professionals and take the opportunity to service your homeowner's policy needs seriously. Not only do we take care of issuing your policy, but we also will assist you when filing a claim
StarNet Insurance Group is a one-stop shop for all your homeowner's policy needs. Not only do we do personal residences, but we also offer policies for owners of condos. You can also bundle and save. We are family and want you to be a part of our family. Call us to get a quote or schedule an appointment so that we can address your needs