6 benefits of getting homeowners insurance 

Homeowners insurance provides essential protection for homeowners, offering coverage for a variety of risks and potential financial losses. Beltempo Insurance provides homeowners insurance in Columbiana, OH, Boardman, Alliance, OH, Canfield, OH, Lisbon, OH, Salem, OH and surrounding regions.  

These are six key benefits of having homeowners insurance: 

  1. Property Protection: Homeowners insurance typically covers damage to your home and its contents caused by covered perils, such as fire, lightning, windstorms, hail, theft, vandalism, and more. This coverage helps repair or replace your property, reducing the financial burden on you. 
  2. Liability Coverage: Homeowners insurance includes liability coverage, which protects you if someone is injured on your property or if you accidentally cause damage to someone else’s property. This coverage can help with legal expenses and any settlements or judgments against you. 
  3. Additional Living Expenses (ALE): If your home becomes uninhabitable due to a covered peril, homeowners insurance can cover the additional living expenses you may incur. This includes costs for temporary housing, meals, and other necessary expenses while your home is being repaired or rebuilt. 
  4. Personal Property Coverage: Homeowners insurance extends coverage to your personal belongings, such as furniture, clothing, electronics, and more. If they are damaged, destroyed, or stolen, your policy can help replace or repair these items, up to the specified limits. 
  5. Financial Lender Requirement: If you have a mortgage on your home, your lender will likely require you to have homeowners insurance. This is to protect their investment in case of damage to the property. Maintaining coverage is often a condition of the mortgage agreement. 
  6. Peace of Mind: Knowing that you have insurance coverage in place can provide peace of mind. You can have confidence that, in the event of a covered loss, you have financial protection to help you recover and rebuild without facing significant out-of-pocket expenses. 

It’s important to note that homeowners insurance policies can vary, so it’s crucial to review and understand your specific coverage, limits, and exclusions. Additionally, homeowners in certain regions may need additional coverage for specific perils, such as flood or earthquake insurance, as these are often not covered under a standard policy. Please call us without hesitation.