Homeowners Insurance 101: Choosing Adequate Coverage

Buying a new home can be one of the most exciting experiences in a person’s life. If you have recently purchased a new home, obviously, you want to protect your major investment, which is why buying homeowners insurance is so important. If you’re unsure exactly what homeowners insurance covers, here is an overview that can help. 

What Homeowners Insurance Covers

Homeowners insurance covers a lot, and in cases where you’re sued, your home is burglarized, or several other events, you won’t be required to pay for repairs out of pocket. Homeowners insurance also covers personal property, the property itself, damage from a fire, and much more. 

What Homeowners Insurance Doesn’t Cover

Like other types of insurance, homeowners insurance does have its limitations, and it doesn’t cover everything. Some things that it doesn’t cover are:

  • Damage from floods or earthquakes
  • Expensive jewelry
  • And more, depending on the specific insurer

The Benefits of Homeowners Insurance

There are definite benefits to ensuring you have adequate homeowners insurance. Firstly, most mortgage companies make having it mandatory so that you would be adhering to their rules. Another advantage of this type of insurance is that if you’re ever sued, your insurance company would pay for any damages, and you wouldn’t be required to pay out of pocket. Furthermore, homeowners insurance covers numerous situations, which could cost you a lot of money out of pocket without insurance.

As you can see, homeowners insurance is not only important, but in most cases, it’s mandatory. If your home is located in the New Windsor, NY area, and you’re searching for a new insurance agency, contact us at Windgate Insurance Agency Inc. We have served the New Windsor, NY area for some time, and our professional and friendly agents would be more than happy to provide you with a quote as well as any other information as well.