When you purchase a house, it’s crucial to protect yourself from financial risk. This is why many people opt for home insurance. Home insurance is designed to provide coverage for repairs and replacements when covered events occur.
Your insurance agent at THINK Insurance & Financial Services, servicing Pomona, CA, can assist you in finding the right home insurance policy for you. If you’re unsure whether you should secure home insurance before purchasing a house, here’s what you need to know.
What Is Home Insurance?
Home insurance is a policy that provides coverage for repairs and replacement of your home and belongings when covered events occur. Many people choose to secure home insurance when they purchase a home and continue to maintain it throughout their homeownership.
What Does Home Insurance Cover?
Home insurance policies can vary, but a typical policy pays for repairs or replacement of your home and belongings in the event of theft, explosion, hail, lightning, fire, vandalism, tornadoes, and water damage from burst pipes.
Home insurance can also cover your living expenses if you’re forced to live elsewhere while your home is being repaired after a covered event.
Why Should You Get Home Insurance?
Many home buyers are required to secure home insurance by their mortgage lender. If you are getting a home loan, your lender will likely require you to provide proof of insurance before funding your loan. Even if you are not borrowing money to buy a home, you may still choose to secure home insurance for financial protection and assurance.
The THINK Insurance & Financial Services professionals, servicing Pomona, CA, can help you find a home insurance policy that meets your needs. To learn more about how you can benefit from home insurance, contact us today.
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