If you are a first-time home buyer you might think that forgoing insurance is a clever way to save a few bucks each month. I mean, whoever has accidents that damage the home, right? However, this is a terribly naive way to think and could end up costing you dearly. There are so many reasons why you should purchase a homeowners insurance policy in Morden.
Natural Disasters
While you may think natural disasters are exclusively the domain of earthquakes and tornadoes, there are many times that flooding, strong winds, and fires can damage or destroy your home. If you do not have insurance, then you risk losing everything you own unless you have the cash on hand to replace everything.
Theft
If someone breaks into your home and steals some of your belongings, home insurance will pay for it after you make your claim. Trying to replace stolen property on your own is very expensive and nearly impossible in most cases. Insurance will even pay for any damage that occurred to the home as a result of the robbery, such as broken windows or doors.
Protection Against Lawsuits
There might be an accident on your property that causes injury to someone. In the event that you do not have insurance, the injured party will be able to sue you personally. If you do carry insurance, however, they will only be able to sue the insurance company who issued the homeowners insurance policy in Morden, who will handle the claim for you.
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