Home Insurance 101 – What You Need to Know.

Published on June 29, 2018 by Seven Gables • In Your Home

Home insurance is not flashy or necessarily fun to talk about but it is certainly a vital part of being a homeowner. There are many benefits to having a quality home insurance plan and the more you know the better equipped you will be when selecting a coverage plan that meets your needs.

Seven Gables has partnered with Farmers Insurance, one of the largest personal lines of property and casualty insurance, to offer an even more complete experience for their clients. This partnership allows clients to have a dedicated insurance agent available to answer questions and help them select a coverage plan that meets their needs. Ken Lullo, an Insurance Specialist with Farmer’s Insurance, reiterates the importance of homeowners insurance.
“Many people may not realize that homeowners insurance is required when you have a mortgage on a property since the property belongs to the lender. However, every homeowner should have insurance. Anything can happen and it’s better to be prepared for obstacles to occur before they actually do. You certainly want to protect your investment!”
There are also some not-so-obvious benefits to homeowners insurance but they can be just as important. Most plans protect against damage from natural disasters like fire, smoke, wind, rain and other hazards, as well as provide temporary living expenses if your home is uninhabitable. The same is true for theft and vandalism. And if someone gets hurt on your property and decides to sue, homeowners insurance can help by paying for medical bills and attorney fees.
A home insurance policy won’t prevent damage to your home or belongings but it may help provide a financial safety net should the unexpected occur. And policies vary so it’s important to check with your insurance agent about specific coverages and benefits.

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