Insurance is one of those necessary evils nobody likes but everyone needs. In this world, you can’t predict when things will go wrong – accidents, disasters, crime. You should have insurance, and then hope you never need to get your money’s worth out of it.
In some cases, the law requires it flat-out, such as various forms of insurance for business, vehicles and so on. Others aren’t required, but you are guaranteed to regret the absence of it, at some point. This is the case with homeowners’ insurance, which while not enforced by law (for now, they’ve threatened to for years), homeowners insurance protects you from so many unavoidable, unpredictable disasters both human and natural in origin, so it’s a must really.
To hammer this point home, today, we’d like to look at what homeowners insurance covers, to give you an idea of how inclusive and important it really is. We believe that peace of mind, even if nothing ever happens, is invaluable itself, so consider this an appeal to your better reasoning, and a case for the necessity of this service.
Natural disasters (called ‘acts of God’ by most companies) are something you can’t usually see coming and can be truly devastating. You want to know that, should these occur, you’re covered, and you can get your life back no matter what.
These include storms, such as wind storms, hail, floods, and lightning damage. Others include earthquakes, volcanic eruptions, sinkholes, and other things the universe just does when it gets a mind to, and are unstoppable and unpredictable for the moment.
This, and the next one, are the most likely consequences of not having proper homeowners insurance. Uninsured homeowners so often lose everything to these disasters, as is demonstrated when they strike less developed parts of the world with no real recovery framework to protect people this way.
Contrary to what optimistic sociologists like to argue, crime will always be a problem in our civilization, even if poverty is one day done away with. Vandalism is one of the more common destructive acts of crime from which this insurance will protect you. Bored kids just can’t resist this act of rebellion, and it can do real, lasting damage to your property that can be costly to recover from.
Burglaries and arson are also dangers, and homeowners insurance protects your possessions from this kind of theft and damage.
Most people old enough to own a home, were alive in 1992 when the infamous Rodney King riots occurred. There were billions of dollars of damage from gunfire, arson, and generally violent behavior. Homeowners insurance will protect you from this kind of thing, because people are volatile creatures, and regardless how justified outcries and unrest maybe, at the end of the day, you need to look out for you, your family, and your home/possessions in the face of this.
Other things can happen that’s just as disastrous. Electrical surges, damage to fire prevention systems, plumbing issues, or simple structural failure or deterioration can be ruinous, and thankfully, homeowners insurance has this covered.
Of course, you’re covered in the event of a fire (along with smoke), but fire protection systems can do a lot of damage too, especially sprinklers. Homeowners insurance does indeed cover this because water damage is a nightmare.
Water damage can cultivate horrible molds that are toxic or, at best, noxious, so you want to be able to recover effectively from this kind of horror show. You can’t skimp on fire protection, so you know you need to be protected from the unavoidable damage it does when performing its primary function.
When you think of homeowners insurance, you think of your possessions in your house and/or on your property. However, this insurance protects your belongings no matter where they are, be it a storage unit, someone else’s home (provided you can prove it’s yours not theirs), or while traveling (though travelers insurance is a good idea if you do that often for work or leisure).
This is of course just a general look at the many ways this can protect you, to learn more, fill out our contact form today!