Why do I need homeowner's insurance? Mississippi

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 yourMississippi home.

Local Companies

Treutel Insurance Agency Inc
(228) 467-5662
401 Hwy 90
Bay Saint Louis, MS
Farmers Insurance
662-429-4488
220 West Commerce St.
Hernando, MS
Advantage Real Estate
(601) 567-8910
Smithdale, MS
Tri Real Estate
(662) 841-8815
402 N Gloster St
Tupelo, MS
Cathey Bea Rl Est
(601) 261-1080
6184 U S Highway 98
Hattiesburg, MS
Moore Real Estate
(662) 234-6455
1711C University Ave
Oxford, MS
Peters Mike Rl Est
(601) 362-8440
900 E County Line Rd
Ridgeland, MS
Thompson Rufus Rl Est
(662) 378-3323
448 Wetherbee St
Greenville, MS
Ragsdale R R Rl Est
(601) 693-9555
4540 Poplar Springs Dr
Meridian, MS
Adamson Real Estate
(601) 649-1771
1134 Highway 15 N
Laurel, MS

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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

Treutel Insurance Agency Inc

Treutel Insurance Agency Inc - Your Trusted Choice - Protection When You Need It Most.

2284675662
401 Hwy 90
Bay Saint Louis, MS
www.treutel.com

Treutel Insurance is a Trusted Choice Agency. We have a legacy of long-standing clients and a commitment to customer service. We serve the insurance needs of individuals, families, and businesses in South Mississippi, Louisiana and Alabama.

We do not work for an insurance company, we work for you. We represent many of the highest rated companies and work to find the best policy for each client based on coverage and price.

Treutel is a recipient of the National Best Practices Award from the Independent Insurance Agents & Brokers of America (IIABA) for the 12th consecutive year.


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