3 Scenarios Where You’d Need Home Insurance

If you live in Richardson, TX and are looking to buy a new home, you’ll need to first obtain home insurance before you can get a mortgage. The bank wants to protect the collateral you put up – your house. The bank understands how important this asset is and that it requires home insurance should something happen down the road. If you’re wondering what kind of scenarios call for home insurance, read on to find out.

1. Injury on Your Property

Whether you have a pool, trampoline, or lots of stairs, someone could get injured on your property in Richardson, TX. Of course, this is something unexpected, but for which you can be prepared for by having home insurance with the help of Allegiance Insurance Agency. If someone is injured on your property from a slip and fall or other accident, they can sue you. Home insurance will help you through this time of litigation. Otherwise, you face it on your own.

2. Fire

Fires are devastating events. While sentimental possessions can never be replaced, you can at least have peace of mind knowing that everything else ruined in a fire can be. If you should suffer a fire, your home insurance claim will help you replace what was lost while you rebuild your home.

3. Theft

Having a stranger go through your things looking for something to steal is unnerving, to say the least. To prevent theft on your property, be sure to install a quality security system that includes outdoor lighting and an alarm. However, if you are burglarized your home insurance will help you recoup the cost of what you lost after you pay your deductible.

To learn more about purchasing home insurance, contact the team at Allegiance Insurance Agency, serving the Richardson, TX area.