When you signed on to your mortgage many years ago, the end seemed like it would last forever. Now that you have made your last payment, you are free from the burden of paying it every month. You needed to maintain home insurance when you didn’t own your home outright, but now you don’t have a mortgage, you no longer are required to insure it. It is tempting to save the money you would pay for home insurance. At Bachmann Insurance Agency in Flushing, MI, we are independent agents who work tirelessly to help our clients find the right insurance for their needs and wallet.
Home insurance offers many benefits to homeowners. Even if it isn’t legally necessary to have it, practically, it is an excellent idea. Your home is one of your largest assets. It is where your family memories reside and you as well. Beyond a sentimental attachment, financially losing your home and everything in it would be a devastating loss. If you could easily repair any damage your home might sustain and replace the contents, then you don’t need home insurance. If it would be a hardship to spend hundreds of thousands of dollars, maybe it is a good idea to maintain home insurance.
Beyond just the replacement value of your home and contents, home insurance provides liability coverage. This protects you if someone in your household causes bodily damage or damage to the property of another. Your insurance will cover a costly lawsuit and the legal costs associated with it. Home insurance also provides loss of use protection and makes sure you have someplace to stay while your home is damaged and uninhabitable. Home insurance may not be required, but it is too valuable not to have.
Contact Bachmann Insurance Agency in Flushing, MI and let us help you with all your insurance needs.
