The old expression, “putting a roof over your head” makes buying a house seem like something done for the simplest of reasons, but it’s much more than that. It’s likely one of the most valuable investments you’ll ever make, and one you’d find difficult to replace if a disaster were to happen. This could involve an earthquake, hurricane, storm, or something as simple as a pipe bursting. These types of incidents can have a devastating impact, especially without CT homeowners insurance to address the problem.
This is why protecting yourself with homeowners insurance is so important. While law doesn’t require buying homeowners insurance, it’s the single most important decision any homeowner will make, plus if you have a mortgage, your lender will require you to insure the home so they can protect their investment. Even without a mortgage, homeowners insurance is always a wise purchase that can safeguard your finances in a variety of ways.
Types of protection insurance provides
If your home were badly damaged by a severe storm or you were the victim of a terrible fire that destroyed your structure, you could then afford to rebuild due to your home insurance, which would help cover reconstruction to restore your place and property to its former glory.
Most policies cover your belongings, not only inside the home, but also items kept or stored away from the premises. So whether your furniture is destroyed in a fire or your expensive diamond bracelet goes missing during a hotel stay, your coverage can help you to repair or replace these items.
More importantly, if a guest trips and falls on your walkway and decides to sue you, or your dog bites someone visiting or while on your property, or you unintentionally and accidentally hurt someone while spending the day away from your home, you can count on your homeowners insurance to help cover others’ injuries along with your own legal costs.
While the HO-2 and HO-3 are two of the more common policies available, you do have other options. For the broadest protection around, there is HO-5 ct homeowners insurance policy, which covers both your dwelling and your personal property for all problems except any of those specifically excluded. Speak to an agent today.