It is not required for Green, OH residents to procure homeowners insurance, but most lenders will compel you to as long as there is an outstanding balance.
For those whose houses are paid for, there are benefits to continuing to insure your property:
Homes can be subject to sudden malfunctions that necessitate costly repairs. Even weather events, such as lightning strikes or high winds, can wreak havoc that can otherwise set you back financially.
Potential situations like house fires can render your home a total loss, leaving you with nowhere to go. Some types of indemnification help cover your hotel stay. Your knowledgeable Ken Boldt Insurance Agency II Inc. agent can go over specific scenarios that would be included in your coverage.
Your home and possessions can also be subject to a burglary, and you may own expensive electronics, jewelry, and clothing. Vandals can do damage to your exterior walls, and your indemnification often covers this type of peril.
You may also have other structures on your land that can be affected by the elements or other hazards. In addition, people can sometimes be hurt on your property through slips or falls, and this can result in medical bills and lost wages. Certain situations can even arise in legal fees, and you can be taken to court.
Having homeowners insurance can also ensure that real estate agents and buyers will want to partner with you should you sell, as a lack of coverage can put others’ investments at risk.
Ken Boldt Insurance Agency II Inc. Is Here to Help
Specializing in various insurance packages, we can put together something to fit your needs. We serve those living in the Green, OH region, and we invite you to reach us by calling, visiting online, or stopping into our office to discuss your options.