Do All Homeowners Require Home Insurance?

Before building or purchasing your first home in Mooresville, NC, you may want to know whether you are required to buy home insurance. Well, home insurance isn’t required by any law, but you will be grateful you had it when perils like theft, fire, vandalism, and natural calamities strike. 

If you are wondering whether you need home insurance, keep scrolling as Griffin Insurance Agency explains why home insurance is a must-have investment. 

It may be required

While home insurance isn’t mandated by any state or federal law, your mortgage lender may require you to purchase at least the basic home insurance coverage. Think of your lender as a part-owner of your home. And just like you, they would want to protect their investment when the unthinkable strikes. 

Home insurance protects your dwelling

It has taken you years to put up your home. As such, it makes sense to protect your hard-earned investment with proper home insurance. A home insurance plan covers repairs and even rebuilding in case of a total loss. 

To protect your belongings

Home insurance protects not only your building structure but also the contents inside. Since perils like theft, fire, vandalism, and other risks may cause damage or loss to the stuff you have spent years collecting, home insurance comes in handy by replacing your valuables whenever covered perils strike. 

Liability protection

While we always do our best to prevent accidents, they can still happen right within your premises. A visitor could slip and injure their leg. Your dog could bite a person. Perhaps, you could reverse your car into your neighbor’s wall. 

Unfortunately, when accidents happen, you are faced with bodily injury, property damage, and possible lawsuits. Thankfully, if you have home insurance, you don’t have to worry much about third-party costs. 

Buy home insurance in Mooresville, NC today!

Are you ready to get started with home insurance? Please contact Griffin Insurance Agency for an affordable quote.