Why You Need Homeowners Insurance

Paying for Homeowners insurance in Connecticut can feel like an unnecessary financial burden, especially when you’re already dealing with the expense of buying your first home. But while you hope you never have to use it, if a day comes when you do need home insurance, it can make all the difference. Here are just a few of the reasons you really need homeowners insurance.

Your Mortgage

If you’re like most people, you had to borrow in order to buy your home. The bank you pay your mortgage to requires you to have insurance in order to protect what is still technically their property. It may be tempting to purchase the bare minimum for your mortgage, but there are other reasons to pay for full coverage.

Natural Disasters

Large, destructive hurricanes and winter storms have become the norm in recent decades, and the trend is likely to continue. Having homeowners insurance in Connecticut ensures that if your home is damaged during a natural disaster, you can make repairs and rebuild.

Thieves

You may think it can’t happen to you, but when thieves strike the results can be devastating. If you come home from vacation to find your home has been robbed, homeowners insurance will pay to replace your personal belongings. Although some high-value items, like jewelry or art, may need to be insured separately, furniture, electronics and appliances should be covered. Talk to your insurance agent for specifics.

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