Make It a “Happy New Year” By Protecting Your Most Valuable Asset

homeowners insurance policy paperwork

The new year is here! This is a time when most of us make resolutions and set goals meant to improve our lives. It’s also a time to reflect on what we’ve achieved and to make sure we are consistently protecting our accomplishments. 

An accomplishment to be proud of is becoming a homeowner. This is a major step for many people and it is an asset you will want to keep safe. Have you taken the right steps to protect your home and protect what you and your family own? 

Homeowners insurance is the single best way for you to protect your most valuable property. Keep reading to discover how this insurance is the key to your own “happy new year.” 

Protect the Home Itself 

For most homeowners, their house is the most expensive thing they own. And homeowners insurance can help you protect this valuable investment. 

Part of your insurance is dwelling coverage. This helps to cover damage to things like your fixtures, your air conditioning, your plumbing, and your electrical wiring. You also get protection for other structures on your property, including sheds, storage houses, pools, fences, garages, and so on. 

Keep in mind that all it takes is an electrical fire or a plumbing emergency to cause serious damage in very short order. But the proper amount of homeowners insurance ensures you are covered. 

Protecting Your Property with Homeowners Insurance 

Of course, keeping the home itself protected is a high priority item. But homeowners insurance also covers damage to much of the property inside the house. 

To imagine how useful this is, just take a look around your home. Imagine how expensive it would be to replace your refrigerator or oven if they are damaged, or how much it would cost to buy new furniture or a new television. A lot of damage can happen quickly, and you could be stuck with some major out-of-pocket expenses to replace or repair things if you don’t have home insurance. 

Homeowners insurance covers the repair or replacement of this property. It also protects against theft, so you don’t have to worry as much about thieves or even unscrupulous guests walking out with something valuable. 

Protect the Property Outside with Home Insurance 

Protecting the property inside your home from damage or theft is a major benefit of home insurance. Typically, these protections extend beyond your home, as well, and may include property that you are keeping in a storage space or inside your car. 

Nobody likes to think about how easily their property can be stolen or damaged. But with the right home insurance plan, you can enjoy peace of mind of knowing these things will be replaced or repaired, if necessary. 

Property Damage Can Really Add Up 

When you first look into homeowners insurance plans, you might be surprised at the coverage limits. For example, the average homeowner’s insurance in America comes with $250,000 in dwelling coverage. 

But this is important because damage can really add up. The coverage limit defines how much the insurance carrier will pay out for a qualifying incident (don’t forget about the deductible you must pay). But this is the same “pool” of funds that covers both damages to the structures as well as the cost of repairing or replacing damaged or stolen items. 

Long story short? You may be hesitant to get homeowners insurance because it is an extra premium you need to pay each month. But this is far cheaper than what you’d have to pay out-of-pocket for all new appliances, a new TV, a new PC, new smartphones, etc. 

As with car insurance, paying for coverage each month is one of the best ways you can expect the unexpected. 

african american family with protection over their head to signify homeowners insurance

Prepare For the Unthinkable with Your Most Valuable Asset 

Of course, preparing for the unexpected means preparing for the worst. And for a homeowner, the worst thing that can happen is that your home is damaged so much that you can’t even live there. 

If a fire or other covered incident causes enough damage that you can’t live in your home, then insurance will pay for a hotel and other costs of living while your home is being repaired. 

Such an event is likely to be traumatic for you and your family. But with homeowners insurance, you can rest assured you are prepared for this situation. 

Liability Protection 

We like to remind homeowners that insurance helps protect you from threats you never saw coming. But did you know that can include your friends and family? 

There is always a chance that someone may be injured while inside your home. And if that person thinks it is your fault, they can sue you for damages. Even if you aren’t found liable for the damage, the cost of defending yourself in court can quickly empty your bank account. 

Nobody expects to be sued by friends, family, or other visitors, but it happens every day. With homeowners insurance, you get liability coverage that helps pay for both your legal costs and the medical costs for the injured party. Otherwise, you could be on the hook to pay thousands and thousands of dollars, even if you were not liable for the original injury! 

Does your Policy Include Liability for Pets?  

With homeowners insurance, we typically focus on how coverage can help protect your home and your property. There are certain circumstances where your home insurance policy may pay for items related to your pet. 

If your pet bites someone visiting your home, your policy may help pay for that person’s medical bills and, in some cases, may help you fight in court if that person decides to sue. 

Most home insurance policies will not pay for damage your pet does to your home – or for damage or injury that occurs to your pet in the home.  

Get the Best Homeowners Insurance Today 

Now you know why homeowners insurance is important to protect your home and property. But do you know where you can get the best insurance today? 

At InsureOne Insurance, we are always ready for you to get a quote online. Alternatively, you can pick up the phone and give us a quick call at 800-836-2240. Finally, feel free to stop by one of our convenient nearby offices