Unlike car insurance, having home insurance is not a legal obligation where sanctions can be imposed if you don’t insure it. Insuring one’s home is usually at the discretion of the homeowner unless they are obtaining a mortgage through a financial institution. By doing this, having insurance is a must and is usually on the list of the requirements outlined by the lending institution.
With these known facts, it can be argued that not enough homes are insured throughout the island. This can be due to a number of reasons. For example, some people may be unaware of what home insurance is, while others may simply can’t afford it. Last but not least, some people simply just don’t care to insure their homes. This article as a result, will help give some insight on the benefits of home insurance, why it is important and why everyone should have it.
1) Coverage For Your Buildings
If your home is insured and damage is done to it, your insurance kicks in to help protect you, this is to show, you are covered. Whether it is a natural disaster such as a hurricane, flooding, a volcano eruption or even a fire, your insurance company handles any claims that may arise on your property whether big or small. Your home insurance also extends to cover public liability and employer’s liability, but we will leave that discussion for another time. It should also be mentioned that even in the event of an accident, where for example a motor vehicle, may have collided with your home and they do not have any coverage, you can rest assured knowing that your home insurance also covers that.
2) Coverage For Your Contents
May it be your television, your stove, your fridge or even your couch, once you have home insurance with contents coverage, you can feel safe knowing that if any of these items were to be destroyed by a natural disaster, you are covered. You are also covered, if any of these items were to even be stolen as a result of a burglary. Contents coverage allows you to have that piece of mind knowing you don’t have to pull your pockets if any of the above situations were to ever occur. Even if you are renting and the contents of the house are yours, you should insure them. The owner may have their buildings insured, but it is up to you to protect your contents.
3) Coverage For Your Personal Items
Apart from the basics above, it should be highlighted to individuals that they can also insure items they probably never thought about. For example, their jewelry, their phones, household and garden items and so much more. Some may think that if a thief breaks in, they may only steal jewelry and phones, but if you are one to keep your garden tools and some household items on the inside instead of outside in a shed and a thief finds them, there is a chance they may take them up as well. The same goes for a natural disaster, if in the event one occurs, you shouldn’t have to fork out thousands to replace the jewelry you may have once owned. Let your insurance handle that for you.
All is all, we can say there are a number of benefits to having home insurance. While some may not think it is that important or it is very expensive, we are here to show you how affordable it can be. We not only provide you with great benefits, but we also provide you with an awesome payment plan to suit your pockets. If you wish to find out more about what we offer, go ahead and give us a call today at 1-246-537-0140 or visit our website at www.bestquotebb.com