Buying a house is a very exciting time in life. There are many factors that need to be taken into consideration when you take this big step. Home insurance should definitely be a top priority. At Glick Insurance, serving Greensboro, NC, and the surrounding area, we can help you make the best insurance choices. Keep reading to learn more about home insurance.
Is Home Insurance Required By Law?
Home insurance is not required by law everywhere. There may be some communities or regions that do require this, but in most cases, this is not a legal issue. However, most homes that are financed through a mortgage will be required to carry home insurance. This is for the protection of the investment the mortgage company has made.
Even if you are not required by law or a mortgage company to carry insurance, it is still the single best way to protect your housing stability.
What Does A Home Insurance Policy Cover?
When damage happens to your home, you will be responsible for repairs or the cost of replacing your home. For many families, this would be a devastating financial burden in the event that there was widespread damage to the home or in the event that the home was lost.
Home insurance provides a layer of financial protection so that you know you will always be able to provide a home for you and your family.
Home insurance will kick in if the home is lost or damaged. A claim can be filed if the damage is a result of a fire, wind, natural disasters, vandalism, or indoor flooding.
You should know most policies do not cover naturally occurring flooding.
If you would like to learn more about our services, please contact us at Glick Insurance serving Greensboro, NC, and the surrounding areas.