3 Reasons You Need Home Insurance

If you own a home in Pomeroy, OH, you’ll need home insurance for many reasons; it’s required by lenders, it protects your property, and it protects you from lawsuits. The experienced team at The Vaughan Agency is available to help you find reliable home insurance coverage for your needs.

1. Home Insurance is Required by Your Lender

Before a bank can issue you a mortgage for a new home, you will have to purchase home insurance. The reason is to protect the investment the bank has made in the property. If something were to happen to the property due to an unforeseen event like a fire, the bank would lose their investment. 

2. Protect Your Property

A home is an expensive investment, probably the biggest one you will make in your entire lifetime. Even if you own your property outright, it’s vital to protect this valuable asset against fire, theft, and other issues that could arise. Home insurance gives you peace of mind knowing that if anything were to happen to your home, you are covered.

3. Lawsuits

Aside from theft, fire, and other issues, home insurance also protects you from an impending lawsuit. For example, if a guest were to get hurt while on your property and decide to sue you, your home insurance will help cover litigation costs.

To learn more about purchasing a home insurance policy in Pomeroy, OH, contact the Vaughan Agency today. Our team will answer all your questions and concerns and help you find the right policy for the right price. Contact us today to compare home insurance policies and rates.