Home insurance isn’t required in California by law. If you have a mortgage on your home, your lender may require you to have insurance protection to protect his monetary investment. Otherwise, home insurance is optional. Understanding the protection that home insurance from Land Home Insurance Services can provide can also help you decide if it’s worth your while to purchase a policy.
What Does Home Insurance Cover?
Home insurance covers your home and personal belongings.
Dwelling coverage protects your home against fire, storms, vandalism, and other disasters. If your home is damaged in a covered peril, dwelling coverage will help pay for repair costs. If it’s destroyed, dwelling insurance will compensate you for your loss, up to the limits of your policy. Property coverage protects your belongings against theft, damage, or loss in a disaster.
Unless you have the financial means to pay for disaster damage or loss of property on your own, it’s best to protect these investments with home coverage.
Home insurance also offers liability coverage to protect you against accidental injuries on your property. If a friend has an accident on your property that requires medical care, you could be held liable for these expenses, which could amount to thousands of dollars. Liability insurance protects your financial interests by covering these costs.
Accidents on your property also pose the risk of lawsuits. A lawsuit could quickly deplete your savings or retirement fund. Liability insurance protects you against lawsuits by paying your legal fees and settlement, if you lose, up to the limits of your policy.
Considering the protection you receive from home coverage, a home insurance policy is well worth the cost. To purchase a policy for your Home, call or visit Land Home Insurance Services today. Our specialist will be happy to work with you.