Is your home the most valuable thing you own? Do you live in or near the Amarillo, TX area? If so, the West Texas Insurance Agency professionals can provide the protection your home needs.
Most of us will never have an asset as valuable as our home. What would happen if it was destroyed by nasty weather? Or if a visitor to your home was injured or bitten by your dog? A financially devastating lawsuit could be the result.
Homeowners insurance protects a private residence, which covers losses of personal property, the loss of use, and liability insurance for injuries that could occur on your property.
Homeowners insurance coverage protects the equity that has accumulated on your property. Equity is the difference between what you owe and the property’s value. As you make improvements to the property, the equity in your property increases.
Not all events are covered by homeowners insurance, however. Some of these exclusions are:
- Acts of war
- Infestations, including termites
- Nuclear accidents
- Sewer backup
- Water damage
You may wonder why you need homeowners insurance coverage for your home if it is mortgage-free. As the most valuable asset you have, it needs protection. If a covered event happens and you do not have this coverage, you risk losing your home.
If a visitor happens to get injured on your property and a lawsuit ensues, whatever the cash settlement of the claim is, you will pay out of pocket. Homeowners’ insurance will prevent that.
Don’t risk losing this valuable asset. The protection it provides is far more valuable than the small cost you will pay for this coverage.
Let the professionals at West Texas Insurance Agency answer any questions you may have or provide you with a quote for this coverage. Contact our office today. You will be glad you did.