Are you looking to buy a new home or trying to renovate? Here are 3 reasons why you should have Homeowner’s Insurance and how your broker can help.
1) Your bank or mortgage lender requires you to take out an insurance policy for the value of the loan. Lenders usually can effect an in-house insurance policy for you. However, these prices can be inflated.
This is where your insurance broker can assist. They can search for a policy that best suits your interests at the most affordable price.
2) A homeowner’s policy can usually protect against lawsuits if someone is injured on your property. Most policies come with what is called “Public Liability” cover. Public Liability coverage can help pay for medical bills, damages to property and even pay an attorney to help defend you in a court case.
3) You are protected from loss as a result of natural disasters or burglary. With a homeowner’s policy you can sleep comfortably knowing that your home is protected. With home and contents insurance, you can protect the items inside your home including electronics, jewelry and even household fixtures and fittings. Your insurance broker can help you decide on the best policies for your valuables, help you organize the relevant documentation and aid in managing your policies.