You have heard it before.
A home is your biggest investment, in terms of material possessions. Your home is where you and your family live. You need a roof over your head, and that step facilitates you being able to have a table for the food that is provided. Those are the basic necessities of life, and one more time, your home is your most costly investment. Why in the world would you want to pay on a mortgage for a property that isn’t insured in the event of a natural disaster or some other type of catastrophe?
That question can make you think.
You need homeowners insurance. If every person out there had loads of money and could buy and sell houses like cupcakes, then the need for homeowners insurance wouldn’t be there. However, there are two ways to look at this. You can rant and rave about the capitalistic society in which we live and how it is difficult to afford a home + insurance. Or, you can choose to be thankful that we can even have such nice things + be able to insure them. I am a big believer in the second part, being thankful.
Therefore, while insuring your home is an extra expense
It should be considered a necessary one, given the situation. How long have you owned your home? If you have had a home and insurance in the past, you might have even filed a claim. If you have, then you are more inclined to agree with me and what I have said so far. It can be easy to look the other way and say well, homeowners insurance is too expensive, and I don’t want any. You might even own your home outright, making it to where it isn’t necessary to have a policy. Read more blogs on our website .
I told a story in another article I wrote about a family who lost their home to a fire, and there was no insurance. It is the type of situation that no homeowner out there wants to be in, and it is precisely why you want a home insurance policy. If you still don’t think that homeowners insurance is important, there isn’t much more I can say to help convince you, save for making finer points that fall well under the umbrella of the larger point just made. You might want to think about individual coverage points if you are considering the cost and how you wouldn’t rather just save that money. I understand.
The point is that no matter what math you come up with, the majority of people out there need insurance on a home. That doesn’t mean that everyone does, and maybe you are one of those people that doesn’t need a policy. Only you know that after considering the pros and cons or the advantages. It’s completely up to you whether or not you take out a home insurance policy, but you might want to at least check further into the matter before you make a decision. http://www.mymeridianinsurance.com/cincinnati-home-insurance