There are many reasons to secure homeowners insurance in Henderson, NV.
Here are 5 great reasons to obtain homeowners insurance:
- Homeowners insurance is NOT a homeowners warranty
- Homeowners insurance is required by your lender
- Homeowners insurance is a must even if you’ve paid off your mortgage
- Homeowners insurance claims are actually common
- Homeowners insurance is just one part of your insurance plan
Homeowners insurance is NOT a homeowners warranty
Many people confuse a homeowners warranty with homeowners insurance in Henderson, Nevada. It’s easy to forget which is which, but it’s important to never cancel your homeowners insurance unless you no longer own your home. A homeowners warranty is something designed to provide warranty coverage for items in or on your home like a refrigerator or an HVAC unit. While this is something that many new homebuyers get, it is NOT insurance to cover you and your home for hazards like rain, hail, fire, wind, etc. Homeowners insurance generally does cover your dwelling structure, your belongings, and more with listed coverages on the declarations page of your policy. Additionally, you get liability coverage for things like someone getting seriously injured on your property (i.e. if you have a crack in your patio that someone trips and gets seriously injured by it).
Homeowners insurance is required by your lender
When you are in the process of securing a mortgage for a home in Henderson, Nevada, your lender requires that homeowners insurance is in place to ensure the home is rebuilt if there is a covered loss like a fire that results in the home being burned to the ground. Because of this risk, the lender makes sure there is evidence of insurance in place for the duration of the home loan.
Homeowners insurance is a must even if you’ve paid off your mortgage
No matter how well off you are, nobody wants to pay to rebuild their home from scratch. That’s why it is still a critical coverage regardless of your debt status. What’s important to remember is that without a mortgagor requiring you to have insurance in place, you’re on your own to secure coverage and maintain active homeowners insurance in Henderson, Nevada. So, if you’ve paid off your debts never forget to get this critical coverage in place and make sure you’re working with our licensed agents who will remind you if you accidentally miss a payment!
Homeowners insurance claims are actually common
Contrary to popular belief, insurance companies really do pay out claims year round in Henderson, Nevada. Make sure when you’re considering submitting an insurance claim, to consider your deductible and how much over your deductible the claim will be. It is actually punishing to you as a consumer if you submit a claim that doesn’t go very far over your deductible because your claim will stay on record for years to come, and every insurance company will use your claims history when determining your insurance premiums.
Homeowners insurance is just one part of your insurance plan
While homeowners insurance in Henderson, Nevada is vital to protect you and your family against devastating financial loss, this is only one part of your insurance plan. It is important to coordinate your home, auto, umbrella, and life insurance with our insurance agency because our licensed agents assist with helping you avoid dangerous gaps in your insurance. It’s pretty common to see people with the same insurance they had when they first got out of school. When you own a home, you really should have an umbrella policy, and along with that comes making sure your other policies are designed properly for an umbrella insurance policy.
Please call us at 702-932-3105 or text us at the same number – our licensed, local agents are ready to help you with coordinating your homeowners insurance, auto insurance, umbrella insurance, and life insurance needs under one roof.