The Importance of Home Insurance

Homeowners insurance may seem like an unnecessary cost, especially if you've never had to use it. However, homeowners insurance is extremely important in the event of an unexpected accident or damage. Everyone has the mindset "it won't happen to me", but you never know what tomorrow may bring. Your home is likely your largest investment, which is why it's essential to protect it. Below are 3 reasons why all homeowners should have home insurance. 

1. Protects Against Damage

Home insurance covers you in the event of a fire or natural disaster. If you have a mortgage, most lenders will require you have home insurance in the event of these disasters. Home insurance can even provide temporary housing in the event of a natural disaster. Without home insurance, you will have to pay for the cost of damages and lost items out of pocket, leading to more devastation from the damage. 

2. Liability Coverage

Homeowners insurance doesn't only protect your home but it also protects you in the event of an accident on your property. For example, if someone is injured on your property, your homeowners insurance will protect you against a lawsuit for an injury. Homeowners insurance can also cover damages caused by pets. Sometimes accidents happen, which is why homeowners insurance can keep you from being held liable. 

3. Protects Your Belongings 

Not only does home insurance cover damages to your home, but it will also cover stolen or destroyed belongings. Whether you were robbed or your belongings were damaged in a natural disaster, homeowners insurance will reimburse you. Homeowners insurance can also protect against stolen or damaged items outside of your home. Unfortunately, theft and vandalism is all too common, so it is important to protect against damages that are outside of your control. 

Whether you're looking to get homeowners insurance because your mortgage requires you to or you just want to protect your home and family, you won't regret your decision. Life can be unpredictable and homeowners insurance is here to make things easier during difficult times. If you are looking to start a homeowners insurance policy, look no further than Champoux Insurance Group. We offer affordable policies for homeowners throughout Lewiston , Auburn , and Turner, ME . Call us today to get a quote.