Why doyou need homeowners insurance?
A home is often a person’s largest asset and protecting it properly can be complicated. The unexpected can threaten people’s homes or possessions and compromise them financially, making homeowners insurance an important consideration. Insurance.com developed the following guidelines to ease the process of choosing the right insurance for new homebuyers. First time homebuyers may not realize that homeowners insurance covers more than just the structure of a house. It also protects the homeowner and generally anyone named on the policy, including a spouse, resident, household employee, guest or visitor. Most policies offer three kinds of protection: • Structures – A homeowners policy protects a person’s dwelling for damage due to common threats like fire and smoke, lightning, theft, and extreme weather. Unless it is listed among a policy’s exclusions, anything that causes loss to a homeowner or his property is covered. To cover the exclusions, homeowners can often pay to add endorsements
