What Can Happen If You Don’t Have Homeowners Insurance?

Mar 07, 2019


What Can Happen If You Don’t Have Homeowners Insurance?

Understanding the importance of homeowners insurance.

Home insurance is a very important policy for every homeowner to have. Many homeowners don’t truly understand what home insurance does and how it can help them, which means they are tempted to skip out on quality coverage. Home insurance is designed to protect your home against disasters to the house itself or the possessions that are in the home. It can also provide liability coverage against incidents that take place on your property. So, what happens if you don’t have home insurance?

  • Loss

If you do not have a mortgage on your home, then you may not be required to have insurance. If you choose to go without coverage, you are running the risk of suffering a total loss of what is probably your largest financial asset. If your home is destroyed in a fire, hurricane, or another disaster, you will be left on the hook for repairing and recovering your home and belongings, which could total hundreds of thousands of dollars.

  • Liability

If someone slips and falls on your property or injures himself in some other way, you might be left liable for huge medical bills. Homeowner policies cover such liability claims and would foot at least most of the bill for a lawsuit involving an injury on your property. If you have no insurance, you face these expenses on your own.

  •  Claims

Theft, vandalism, and more – insurance covers a lot of scenarios that impact your wallet and belongings. If you don’t have a home insurance policy and you are the victim of a burglary, you will have to recover and repair everything yourself.

When you value your home as much as you do, why leave it without protection? To safeguard your home throughout all sorts of disasters that are out of your control, visit the team at C.V. Mason Insurance Agency. Our home insurance policies work to protect residents in Bristol and neighboring cities in Connecticut. Give our experts a call for more information.