Homeowners Insurance

In addition to locking doors and conducting regular maintenance, having home insurance is essential to safeguarding your home. Home insurance can protect you financially and help you avoid out-of-pocket costs from unforeseen circumstances such as fire, theft or vandalism. 

Why Is Home Insurance Important? 

Home insurance can shield homeowners from significant financial losses after unexpected incidents, which can be invaluable for peace of mind. Beyond that, home insurance may be required in some situations. Most mortgage lenders require homeowners insurance coverage to protect their investments, making it potentially mandatory for homeownership. 

How Does Home Insurance Work? 

When home insurance policy is purchased, homeowners enter into an agreement with an insurance provider. In exchange for regular premium payments, the insurer agrees to provide financial coverage for damages to the property as outlined in the policy.   

What Does Home Insurance Cover? 

Home insurance offers a broad spectrum of coverage, including the following: 

• Property protection—This can cover the home’s structure and may cover the costs to repair or rebuild after an event such as fire, lightning or vandalism. Coverage may extend beyond the home’s physical structure to include detached structures like garages or sheds, too. 
• Personal belongings coverage—This may extend to items within the home, such as furniture, electronics and clothing. 
• Home liability insurance—If a policyholder or their family members get sued for causing bodily injury or property damage to others, this may cover legal costs and court awards up to the policy limit. 
• Additional living expenses—If your home becomes uninhabitable due to a covered loss, this may pay for hotel bills, restaurant meals and other living expenses while your house is repaired. 

Connect With Us 

In San Antonio, Texas, where the weather can be unpredictable and property values are substantial, having comprehensive homeowners insurance is indispensable. Contact Valley Insurance today to learn more.