Legally speaking, you can own a home without home insurance. No law in Florida requires homeowners to purchase home insurance. However, if your home is financed by a federal-regulated lender, they may require you to buy home insurance. But does this mean that if you have completed paying off your mortgage you don’t need home insurance? This can’t be further from the truth. eAdvisorPro Property & Casualty LLC advises all homeowners to invest in home insurance for the below reasons:
- To protect your dwelling: With all the money and time you have spent bringing up your home, protecting it with home insurance isn’t an option. While home insurance doesn’t prevent risks from incurring, it ensures that you don’t incur out-of-pocket expenses when disasters strike in your home. Better yet, at an additional premium, home insurance covers the assets inside your home and structures within your home compound.
- To cover you against liabilities: If you are held legally responsible for causing property damage or bodily injury to third parties, home insurance can come to your rescue by footing the liability claims.
- For peace of mind: You should enjoy your home all the time. But if your home isn’t covered by home insurance, you are always thinking about the possibility of risks wiping your hard-earned investment. Thankfully, you can live a worry-free life if you have home insurance because you know you are covered.
Ultimately, home insurance may not be mandatory, but all homeowners must invest in this coverage. Given that your home means a lot to you, protecting it with home insurance is a no-brainer.
Buy home insurance in Oakland Park, FL
Looking for a comprehensive home insurance plan in Oakland Park, FL? Please get in touch with eAdvisorPro Property & Casualty LLC for an affordable quote.