Why you need homeowners insurance
Although buying homeowners insurance isn’t required by Utah law, it will likely be required by your lender if you have a mortgage. This is so that the lender can protect it’s investment in you an your home.
Even if you don’t have a mortgage on your home, homeowners insurance is almost always a wise purchase that can safeguard your finances in a variety of ways. Even though we don’t have a large number of natural disasters in our corner of Salt Lake County, there are a number of ways that homeowners insurance can protect residents of South Jordan and Riverton from unexpected loss and damages.
Below are some of the main functions of home insurance in Utah:
- Repair your home, yard and other structures: If your home were leveled by a severe storm or burned to the ground, could you afford to rebuild out of pocket? Homeowners insurance helps cover reconstruction to restore your place and property to its former glory.
- Repair or replace personal belongings: Many policies cover your belongings not only inside the home, but also on the go. So whether your furniture is destroyed in a fire or your wedding ring goes missing from a hotel nightstand, your coverage can help repair or replace them.
- Cover personal liability issues: If a guest trips and falls on your walkway and sues you, your dog bites a visitor, or you accidentally hurt someone away from home, homeowners insurance can help cover others’ injuries and your legal costs.
If you’d like to learn more about protecting your largest personal investment, we’d be glad to answer any questions you have about insuring your home. We specialize in home insurance needs in South Jordan, Riverton, Draper and Herriman communities.