Homeowners insurance is a property-based insurance that covers private residences. While it is a common insurance, there are many that don’t understand the importance- and necessity- on having this coverage. Below, find a breakdown on why homeowners insurance is so important- and why you need it.

Investing in Your Home is Investing in your Future- Homes are one of the few commodities on the market that will still appreciate in value over time. Unlike a brand new car, which depreciates in value when you drive it off the lot, your home is an investment that will grow. While it is true that there are ups and downs in the real estate market, more often than not, a home that has been cared for will be valued much higher than its original purchase price. Thus, having insurance on your home is a protection to your biggest investment.

You May Not Receive your Loan- Lenders require homeowners insurance from prospective buyers. Often times, they will allocate a certain time frame in which they want you to secure a policy and if that isn’t done, you may have your deal canceled. They also may purchase the policy for you and tack on the premiums to your monthly mortgage payment. Taking the process into your own hands ensures that you are in control.

Home Insurance Protects your Home from Damages, Natural Disasters and Theft- This is probably one of the most important aspects of having a policy to cover your home. Homeowners insurance will cover theft, damages from fire and other natural disasters as well as destruction of your property.

If you’re thinking twice about why you have to invest in a policy to cover your home, these points should clear up any confusion. Life can bring about unexpected twists and turns, but some of them can be proactively dealt with. Homeowners insurance will essentially bring you peace of mind, because you know that you’re covered in the most unexpected of events. Contact Safechoice Insurance Agency today to find out how to get started on insuring your biggest investment.