The Importance of Home Insurance
Whether you’re a longtime homeowner or a first-time buyer, home insurance is a term you’ve probably heard of. Though buying home insurance may seem like an added cost to an already expensive purchase, you should never overlook the importance of home insurance, and the many things it may financially save you from in the event of an accident or disaster.
While property owners are not technically required to own home insurance, it’s likely that it will be necessary to purchase for those with mortgages. This is so your lender has a sense of peace of mind if anything should happen to your home while you are still paying back the loan. But did you know home insurance from Allstate protects more than just your home? Here’s a list of all the benefits you get when you buy home insurance from Allstate:
Dwelling Coverage. If the physical structure of your home, garage, deck, or any other attached structures were damaged by any of the covered circumstances, dwelling coverage in your home insurance would cover part-all of the cost of repairs or replacement. Circumstances covered include fire, lightning, wind, hail, smoke, and vandalism, however, it is important to note that most home insurance policies do not cover damage from floods and earthquakes, which you will have to buy additional coverage for.
Personal Property Coverage. Personal property coverage protects anything in your home that may be stolen or damaged. So, if your furniture or electronics were to be destroyed or subject to theft, personal property coverage would cover the cost of repair or replacement.
Family Liability Coverage. Sometimes, you or a family member may be deemed responsible for accidentally damaging some else’s property or injuring another person, and that’s okay! Accidents happen, and family liability coverage helps account for these kinds of accidents by providing financial assistance, should you need to pay for any related repair, replacement, or medical and legal costs for the other party involved.
Guest Medical Protection. Similar to family liability coverage, guest medical protection will help cover the cost of any medical bills, should a guest in your home experience an injury.
Discounts. Allstate Insurance offers a series of discounts and savings on your home insurance plan in a variety of different scenarios, such as new roof savings, purchasing multiple policies, early signings, a recent home purchase, the purchase of protective devices, and a 10% welcome discount.
The Allstate Kyer Agency is the ultimate insurance resource for the Dalton, Georgia community. Eric Kyer, your local insurance agent, is an experienced and well-trained professional with knowledge of the local community, so he can best help you determine the best policies for you and your lifestyle in Dalton. Trust Allstate Kyer Agency to provide you with coverage on everything you need. For more information, visit our website or give us a call at (706) 226-5240.
Sources:
https://www.allstate.com/tr/home-insurance/why-do-i-need-home-insurance.aspx
https://diamondcu.org/blog/mortgages/homeowners-insurance-coverage/
https://www.investopedia.com/articles/insurance/09/property-insurance.asp
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