Homeowners insurance is protection against large financial loss for, what is typically,
your biggest asset/investment. If your home were a total loss due to a fire, your
homeowners insurance policy would actually help you rebuild your home.
Why do I need Homeowners Insurance?
If you're buying your home, your lender will require you to purchase and continuously
carry homeowners insurance to protect their interests, in other words, to ensure
that the asset on which they hold the mortgage will either be repaired or replaced
in case of loss or damage.
What is covered by Homeowners Insurance?
In a worst case scenario, your homeowners insurance will pay to rebuild your home. A
homeowners policy also provides protection from loss of personal property and your
homeowners insurance affords you liability protection anywhere in the world for unintentional
acts that result in bodily injury to a third party.
Is it difficult to switch Homeowners Insurance?
No. Most of the work is done by us behind the scenes so that it's as seamless for
you as possible. We work hard to ensure that you have a smooth and hassle-free transition
to your new carrier and, if we encounter an unforeseen snag, we work to quickly and
efficiently resolve any issue. There are homeowners under the mistaken assumption
that because their insurance payment is part of their monthly escrow payment, they
can’t or aren’t allowed by their lender to switch carriers, which can preclude many
homeowners from reducing their monthly mortgage payment by the amount of savings
they can get by switching insurance companies.