{"id":5573,"date":"2021-06-04T07:43:00","date_gmt":"2021-06-04T07:43:00","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=5573"},"modified":"2023-11-28T00:30:23","modified_gmt":"2023-11-28T00:30:23","slug":"home-insurance-worth-it","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/homeowners-insurance\/tips-for-homeowners\/home-insurance-worth-it\/","title":{"rendered":"10 Reasons Why Homeowners Insurance Is Worth the Cost"},"content":{"rendered":"\n
For most people, buying a home is the biggest and most important purchase they will ever make. And because of this, it\u2019s vital to protect your investment with homeowners insurance<\/u><\/a>.<\/p>\n\n\n\n Despite this fact, some homeowners are on the fence about homeowners insurance. These homeowners don\u2019t know if they really need this insurance or, if so, how much coverage they need.<\/p>\n\n\n\n If you happen to be unsure about homeowners insurance, this guide is for you. We are going to review some of the primary reasons why homeowners insurance is definitely worth the cost!<\/p>\n\n\n\n Some of the reasons why you need homeowners insurance are more obvious than others. For example, most who have homeowners insurance rely on it to protect their possessions<\/u><\/a>.<\/p>\n\n\n\n Chances are that your home is filled with many valuable things. This includes electronics, furniture, jewelry, designer clothing, and more. In the event of theft, vandalism, or unexpected catastrophe, these items may get stolen, damaged, or even destroyed.<\/p>\n\n\n\n Depending on the possessions<\/a>, the cost of replacing these items may be very expensive. But with homeowners insurance, you can quickly and easily replace these possessions. These specific possessions are protected even outside of your home, so things like laptops or jewelry that are lost or stolen while you travel can still be replaced.<\/p>\n\n\n\n It\u2019s one thing to protect the possessions inside your home. But what about protecting the actual structure of your home?<\/p>\n\n\n\n In the event of unexpected disasters, your home may be extensively damaged. Structural damage to your walls and your roof are costly to pay for out of pocket. And in some extreme cases, the entire home may be destroyed.<\/p>\n\n\n\n If this should happen, homeowners insurance has your back. Your policy will pay to repair or even replace your home. For a relatively low monthly premium, you can ensure the safety of even the most expensive home.<\/p>\n\n\n\n We touched on this a bit earlier, but it bears repeating, homeowners insurance is worth the cost because it helps you prepare for the unexpected.<\/p>\n\n\n\n As with automobile or medical insurance, nobody buys homeowners insurance because they know something bad will happen. Instead, they take out this insurance policy to better prepare for the unknown future.<\/p>\n\n\n\n For example, very few homeowners think that their house could ever catch on fire. But according to the National Fire Protection Agency<\/span><\/u>, fire departments respond to about 353,100 home structure fires per year.<\/p>\n\n\n\n In other words, unexpected catastrophes are more common than you may think. But with homeowners insurance, you can rest assured that your home and your possessions are protected.<\/p>\n\n\n\n When those unexpected catastrophes occur, they can cause serious damage in a short amount of time. All it takes is a sudden tornado<\/a> or an unexpected fire, and you and your family won\u2019t have a place to live.<\/p>\n\n\n\n Fortunately, homeowners insurance does more than repair or replace your home. It also provides money for emergency living expenses if your home has been rendered unlivable. You\u2019ll have money for you and your family to stay in a hotel until your home is repaired or rebuilt, and the insurance will also cover the cost of meals during this time.<\/p>\n\n\n\n Just imagine how much all of that would cost if you didn\u2019t have homeowners insurance. And that\u2019s on top of the exorbitant cost of repairing or replacing your home out of pocket.<\/p>\n\n\n1. Protecting Your Possessions<\/h2>\n\n\n\n
2. Repairing or Replacing Your Home<\/h2>\n\n\n\n
3. Unexpected Catastrophes<\/h2>\n\n\n\n
4. Emergency Living Expenses<\/h2>\n\n\n\n