What is Homeowners Insurance?

Dated: 10/29/2019

Views: 4

If you’re buying a home, you’re more than likely going to need to buy homeowners insurance, too. That’s true whether you’re buying a single-family house in Vero Beach or a condo for sale. Lenders require you to buy insurance when you’ve taken out a loan for a home, because it’s their investment, too—and it can serve to protect you in the event of a disaster, catastrophe, or mishap.

What is Homeowners Insurance?

Homeowners insurance is a “safety net,” much like car insurance, that provides you (and your lender) protection against the financial fallout of a disaster.

It’s a package policy, which means that it covers damage to your property and your liability or legal responsibility for issues (like injuries or property damage) that you or your family members cause to other people. In most cases, it also covers damage caused by pets.

Disaster Coverage With Homeowners Insurance

Most disasters are covered under a standard homeowners insurance policy, but there are a few exceptions. You’ll have to buy flood coverage and earthquake coverage separately, but other problems are generally covered (such as fire, tornadoes and hurricanes, and other natural disasters).

Are You Buying or Selling a Home in Vero Beach?

If you're considering buying or selling a home in Vero Beach, we're here to help. Check out our: 

You can also get in touch with us to learn how we can aggressively market your home to all the right buyers. We can help you sell it quickly - and at the right price - so call us today.

 

Blog author image

Chip Boyer

Chip is the IT Manager for Alex MacWilliam Real Estate. He handles the technology needs of the company as well as helping agents in their day to day problem solving.....

Latest Blog Posts

Fun, Easy Ways to Reuse Wine Corks

You might think twice about tossing out the corks of your empty wine bottles after you see these clever ways to reuse them around the house. Check them out. Holding the CardsCreate an easy place

Read More

Caring for Succulents: Signs of Underwatering and Overwatering

Succulents make great potted plants that can beautify the steps or front porch of your home. If you don’t have a green thumb don’t worry—these drought-tolerant perennials require

Read More

3 Clever Ways to Use Wine Corks Around the House

If you enjoy partaking of a little bit of the bubbly from time to time you may want to hold on to a few of the bottle corks once you see these clever ways you can repurpose them for use around your

Read More

5 Things to Look for When You Need a Wheelchair-Accessible Home

Whether you’ve purchased a home that needs to be modified to accommodate a family member who requires the use of a wheelchair, or your childhood home needs to be retrofitted for an elderly

Read More