Your castle, your casa, your humble abode – it is so much more than a house; it’s a home. Here at Feivor Insurance, we know how much pride you take in owning your Wisconsin address. It takes a lot to become a homeowner, so make sure you are protecting your investment with home insurance that covers you and your family against the unexpected.
Why Purchase Home Insurance?
Most mortgage lenders require home buyers to purchase and maintain home insurance for the life of the loan. This guarantees the protection of the security that backs the loan. However, home insurance is much more than a lending contingency. In fact, it could be the very thing that saves you from financial devastation.
Consider the following scenario:
A diseased tree in your backyard falls over on a windy day, crashing through your neighbor’s garage and onto her brand new luxury foreign vehicle. You are sued for the damages to her garage, as well as for the loss of the vehicle. The total cost of the damage is more than $100,000, which you would have to pay for out of pocket if you had not purchased homeowners insurance that covered your financial liability.
Could you afford to pay tens or hundreds of thousands of dollars in damages? Would you have to liquidate your savings accounts or pay the debt out of your future wages? How would that affect your long-term financial goals?
Types of Home Insurance Coverage
Here in Wisconsin, homeowners benefit from many different types of coverage, including:
Dwelling and Other Structures Coverage
This is the coverage that helps pay to repair or replace the structure of your property if it is damaged by a covered event. From the walls and roof to your fences, sheds and exterior structures, it is all covered under your dwelling and structures insurance.
How much would it cost to replace everything you own? Could you afford to purchase all new furniture, appliances, electronics and clothing if was all damaged by smoke or destroyed in a fire? The items in a home could cost tens or even hundreds of thousands of dollars to replace without personal belongings coverage on your home insurance policy.
Temporary Living Expenses
Where would you live if your home was damaged by a tornado? If you are displaced from your home due to a covered event, your home insurance can help ensure you have a comfortable place to sleep at night while you wait for you house to be rebuilt or repaired. In fact, it can help cover the costs of many temporary living expenses – even the cost of doing your laundry!
What would happen if you were sued by a party guest after they fell down the steps in your home? Even if you were not directly responsible for the accident, you can still be held financially liable for medical bills, injuries and other losses you cause someone who does not live in your household. Home insurance contains liability protection that shields you against expensive litigation by paying your legal fees and financial liabilities up to the limits within your policy. It can even cover you for non-collision losses you, your pet, or a member of your family causes away from home.
Shawano Home Insurance Quotes
If you own a home in Shawano or the surrounding areas, make sure you have home insurance coverage that fits your needs. Contact Anthony here at Feivor Insurance to shop and compare coverage from a trusted, local, independent agent. Call us today to request your free quote. We look forward to serving you soon.
Other Home Insurance Related Posts…
- How Much Home Insurance is Enough? Part Two
- How Much Home Insurance is Enough? Part One
- Do I Need Flood Insurance?