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Why do I need homeowner's insurance? Georgia

The following real estate tips contain all the information you need to know about Homeowner's Insurance and why you need it to rebuild your home. Read on for simple yet effective ideas for buying, selling, and improving yourGeorgia home.

Local Companies

Certified Home Inventory Solutions, LLC
(678) 388-9796
4880 Lower Roswell Road
Marietta, GA

Digital Insurance, Inc.
(770) 250-2900
400 Galleria Parkway
Atlanta, GA

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(404) 497-7644
5607 Glenridge Dr NE
Atlanta, GA

McAlister Karen Realtor
(706) 235-3923
1903 Turner McCall Blvd S
Rome, GA

Jones Team Real Estate
(770) 591-1551
Canton, GA

Akridge Rufus Rl Est
(478) 788-0660
5553 Bloomfield Rd
MacOn, GA

Cook Wayne Rl Est
(229) 247-7653
2422 Bemiss Rd
Valdosta, GA

Real Estate Com
(404) 497-7626
5607 Glenridge Dr NE
Atlanta, GA

Harrell-Cullinan Sandra L Rl Est
(706) 736-3375
3519 Wheeler Rd
Augusta, GA

Booth Bob
(706) 548-5359
281 North Ave
Athens, GA

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Homeowner’s insurance provides a safety net to protect what is likely to be your biggest investment – your home – in the event of property damage, theft and even liability. Without homeowner’s insurance, many people would be unable to afford expensive repairs and could even lose their homes.

Just think about what kind of position you would be in if these scenarios occurred, and you did not have homeowner’s insurance to protect you:

Lightning hit your house and sparked a fire that destroyed half the structure and most of your belongings.
A hurricane or severe thunderstorm tore through your neighborhood and ripped your roof off, destroyed your outbuildings and brought a tree down on your house.
Someone broke into your house and stole or damaged thousands of dollars worth of electronic equipment and other valuables.
Someone sued you for hundreds of thousands of dollars after injuring themselves on your property.

About 95 percent of homes are protected by homeowner’s insurance, according to a 2003 study by the Insurance Research Council. The Insurance Information Institute (www.iii.org) suggests that you need enough insurance to cover the cost of rebuilding your home at today’s prices, and to meet today’s building codes.

Most homeowner’s insurance policies also cover damage or loss of the contents of your home. But, as with the structure, you need to consider whether you want your coverage to cover the cost of replacing the items, or to reimburse you for their actual value. Replacement-cost homeowner’s insurance costs more, but provides better protection.

Finally, most lenders require you to carry homeowner’s insurance to cover the cost of the mortgage. You can cancel your policy once your mortgage is paid off, but think twice before you do so: homeowner’s insurance really does protect your investment.

Published on January 16, 2007

Read full article at realestate.com

Featured Local Company

Certified Home Inventory Solutions, LLC

(678) 388-9796
4880 Lower Roswell Road
Marietta, GA
www.certifiedhomeinventory.com

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Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History