Getting home insurance is a typical part of home ownership. Home insurance can pay to repair your home if a covered event occurs.
Whether you’re in the middle of buying a house or if you’ve owned your home for years, it’s essential to consider why home insurance is necessary and whether it’s the type of insurance you want to own. At W.B. Adams Company, servicing Beaverton, OR, we can help you determine whether home insurance is the correct type of insurance for you.
1. Home Insurance Is Required If You’re Getting a Home Loan
If you have a home loan, your mortgage lender will require you to get a home insurance policy. This protects your lender’s investment and helps ensure that the home will be repaired if something goes wrong.
If you’re buying a home, you’ll be required to prove you have insurance before the loan will be funded. If you stop paying for coverage while you still have a home loan, your lender will force you to purchase their home insurance policy.
2. Home Insurance Provides Peace of Mind
Home insurance provides homeowners with peace of mind. Knowing that your insurance company will help pay for repairs when covered events occur is reassuring.
3. Shopping Around Can Give You the Best Deal
Home insurance can be very affordable. When you get a home insurance policy from W.B. Adams Company servicing Beaverton, OR, we can help you get the best deal because we work with various carriers. We can shop around for the best insurance product for your budget and needs.
Have questions? Want home insurance? Call today to make an appointment.