Do You Need Homeowners Insurance Coverage?
Whether or not you need homeowners insurance depends on if you’re still paying off your mortgage. Most mortgage lenders will mandate that homeowners must have home insurance to protect their investments in the event of a natural disaster, accident, personal injury, or property damage.
Even if you’re completely mortgage-free, there are still a lot of important reasons to consider purchasing even the most minimal homeowners insurance. In the event that your home requires minimal or extensive repairs, your need to repair or replace your personal belongings, or someone suffers a personal injury on your property, home insurance carries the bulk of the financial liability for you.
How Homeowners Insurance in Kennedale Can Benefit You
Out of all 50 states, Texas is ranked at the very top of the list when it comes to natural disaster frequency and type. The main types of natural disasters that occur in Texas include flooding, drought, erosions, wildfires, earthquakes, tornadoes, hurricanes, hailstorms, and sinkholes.
Some of these natural disasters like hailstorms and sinkholes can be covered by your basic homeowners insurance policy, while others like flooding and earthquakes require you to purchase separate additional coverage. However, it’s better to have at least some degree of coverage in a state that’s so heavily prone to experiencing natural disasters than not having any form of protection in place at all.
The extent of your coverage along with any add-ons depends on what’s recommended specifically for your area and what you can afford to pay for your monthly premiums. That’s where a qualified Farmers Insurance agent in Kennedale like Crystal Schuder comes in to help you choose the right policy for your needs.
Is It Necessary to Have Homeowners Insurance in Texas?
The answer to this question is both yes and no. By law, you’re not required to purchase homeowners insurance unless your mortgage lender requires it. However, there are certain special circumstances like natural disasters and other potentially damaging situations in which it certainly pays to have a good policy in place to protect you.
If you’re looking for homeowners insurance in Kennedale, Texas, then Farmers Insurance – Crystal Schuder Agency can help you get the right amount of coverage that suits your needs. We work with countless Texans annually to help them protect their homes, their assets, and their families. Contact us today to learn more about how we can help you.