You can technically own a home without home insurance, but that is not a good idea. Buying a home is a huge investment and always an extremely expensive purchase. For most people, buying a home will be the priciest acquisition they ever make in their lives. By having the proper homeowners insurance, you ensure that your home and belongings are protected when something unexpected happens to your property. Here is what can happen if you do not have home insurance coverage.
No Relief For Damages to Your Home
When damages occur to your home in any form, lack of home insurance will prevent you from receiving compensation when it comes to repairs and replacements. In New England, mother nature can wreak havoc on homes and cause significant damages. These damages are not inexpensive to fix and homeowners will be entirely responsible without homeowners insurance. Its never fun to pay out of your own pocket when rain, snow, hail or windy damaged your home.
No Compensation for Loss Of Your Possessions
Without homeowners insurance, not only will you not receive relief for property damage, but you will also not receive compensation for stolen or damaged belongings. Some items can be replaced but some cannot. Whether they are expensive or sentimental, many of your belongings are valuable and should be insured.
You Could be Held Liable If Someone Gets Hurt on Your Property
Something you never want to hear or see is someone getting hurt on your property. Unfortunately, it happens and you could be held liable if you do not have homeowners insurance. You might assume nobody you invite to your home would sue you if something bad happens to them but you never know. All it takes is one dog bite, trampoline injury or swimming accident to get hit with a lawsuit.
Professional Homeowners Insurance in Rockport and Salem, MA: John J. Walsh Insurance
At John J.Walsh insurance, we can help set you up with a homeowners insurance policy that works best for you. With numerous years in the history, rely on our team to help you protect your home. Contact us today to learn more!