Home Insurance - A Necessity Not A Luxury

​A home insurance policy should not be mistaken as merely a luxury since it is, in fact, more of a necessity. It does not only protect your house or your possessions against damage or even theft. If you think through it, getting insurance for your house allows you to get full coverage or fair value for your property. 

You do not have to own a house to have a need for insurance. There are landlords that ask their tenants to get insured. But regardless whether you are required to insure your home or not, it is a good investment anyway. 

Damage to a house brought about by fire, vandalism, or hurricane can cost a lot. Greater damage to it means that you may need to spend more. But when you have  home insurance, this can possibly help you in getting your house fixed or even rebuilt. As for damages brought about by floods, earthquakes, or possibly lack of home maintenance, these may not automatically be part of the insurance policy.  

Natural disasters along with acts of war are not usually covered, but you may still want to get additional coverage for these as well.  Aside from the actual house and the items in it, oftentimes a home insurance may also cover liability protection up to a certain amount. 

In terms of the level of coverage, this may essentially be within the following:

• Actual cash value – this means that the value covered includes the house along with the value of your personal belongings after depreciation cost has been deducted.
• Guaranteed replacement value – this is considered to be the most comprehensive as this means that the insurance covers whatever is the cost of having to repair or rebuild the house.
• Replacement cost – this refers to the house’s actual cash value without any depreciation cost, which means that the house can be fixed or rebuilt up to its original value.

To protect your home, getting it insured will be a vital part of it. Gaining a better understanding as to why you need insurance for your house and learning how it is structured will greatly help you in guarding your hard-earned investment and also the well-being of your family.

At Infanger Insurance Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (208) 557-8157 or Click Here to request a free quote.