People purchase homeowners’ insurance for the same reason they purchase health, automobile, or life insurance. It helps owners deal with the financial consequences if their home is damaged or if someone is injured on their property. If you live in or near Atlus, OK, we at Dobbs & Braddock Inc. can provide the protection you need for your home.
Home Insurance: What You Need To Know
Homeowners’ insurance covers most aspects of damage to your property, but not all. The most common exclusions are related to floods, war, large-scale disasters, normal wear and tear, negligence, or risky items like trampolines.
Examples of events not covered by homeowners’ insurance are:
- Acts of war
- Nuclear accidents
- Sewer backup
- Water damage
Homeowners’ insurance is necessary because it offers financial protection against the loss of your most valuable asset, your home. It also covers your personal property and all your assets in the event you are sued for damages if someone is hurt on your property.
You are legally required to purchase automobile insurance. It isn’t the same for homeowners’ insurance. The law does not require it on any level, from local to federal. But mortgage lenders usually require a homeowners insurance policy to be purchased before they fund the mortgage. A lender takes precautions to protect their money and a wise homeowner will want the same protection.
Get Home Insurance Today
Liability insurance and hazard insurance are combined to make up homeowners’ insurance. A knowledgeable and experienced group of professionals can explain all the differences and benefits of a homeowners’ insurance policy. Contact the insurance professionals at Dobbs & Braddock Inc. in Atlus, OK get answers to your questions regarding the correct level of protection necessary to cover your home, property, and possessions. You will be glad you did.