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Virginia Homeowners with Home Insurance Coverage

Home Insurance

You aren’t required by the state to have home insurance, although it’s likely that with your mortgage you are required to have it. The reason most banks and other institutions require insurance is that they are typically paying for 80% of the home, and so they want to make sure they are ensuring their investment. If you don’t have a mortgage anymore, there are still plenty of benefits to having home insurance. There are several things that can damage your home, including weather or fire. Without insurance, you may not be able to afford to pay for repairs to your home or replace your home should it be a total loss. It’s not just the structure of your home, but also your personal belongings you want to be covered. It may not seem like you have a lot of value with your belongings, but once you do a home inventory you will find it can add up to a lot.

Home Insurance Coverage

Your home insurance covers two main things: your liability and your personal property, along with the structure of your home. If someone is injured and sues you from slipping on your walkway then your home insurance will protect you. If the valuables in your home get damaged or stolen during a covered incident, then the personal property coverage will pay for replacements up to the limits that are chosen for your policy. It is also important to note that this coverage will kick in even if belongings are stolen away from home.

You can also get insurance for additional living expenses to cover you if you aren’t able to live in your home while it is being repaired. There are some coverage options that include building codes coverage, increased building structure coverage, and extended premises coverage. An agent at NSURU can help you determine what coverage fits your home situation best.

Contact NSURU to get a quote on home insurance.