Realtor OKC Answers What Homeowners Insurance Does
Most people are probably already aware that when they buy a house that they have to purchase homeowners insurance as part of the requirement, but you might be surprised how many people don’t really know what their homeowners insurance policy does for them. Our realtor OKC team members requires us to have knowledge of things like the legal need for homeowners insurance, but we also know it’s important for your property to be covered whether you realize it or not. Today, we’re going tell you a little more about what we know, in case you’ve ever been the one who questioned why you had to have homeowners insurance.
To start with, our realtor OKC team will tell you the reason homeowners insurance is required.
Homeowners insurance is set as a requirement by the lender and/or the state you live in to protect the lender’s investment from loss or damage whether it be that it was caused by fire, theft, vandalism or weather. That’s just what homeowners insurance covers on a basic level.
Now, our realtor OKC team will let you in on a little “secret” about additional insurance options.
Some people figure out that they don’t have quite enough insurance to cover all of their personal belongings. For insurance needs beyond the general policy, there are usually add-on options. With personal liability protection you have a way to protect against any lawsuits that may be filed against you in the event that someone gets injured at your house.
Our realtor OKC members know that, of course, just as with any insurance policy, there might be different needs you have that vary from your neighbor’s. You’ll certainly want to check around and ask your insurance agent for different options. Since your home is a pretty important aspect of your life we figure that kind of investment is worth saving.
If you need to know anything else about the home buying or selling process, our realtor OKC team would love to help! If you’re looking for an agent, don’t hesitate to give Thurman Real Estate Team a call at 405-850-9503.