Your home is more than just shelter from the elements. It is the place where laughs are shared, children are raised, and family comes together. At Lewis Insurance Agency in Sandy, UT, we want to help you protect the place you call home so you can continue to make memories for years to come.
Why Do I Need Home Insurance?
Homeowners insurance is the best way to protect your home from most types of damage. Generally, damage and loss caused by certain natural disasters, theft and fire will be covered by your policy. If you are not in the position financially to cover the cost of these out of pocket, purchasing homeowners insurance is the best way to ensure you are able to recover.
Additionally, if you have taken out a mortgage of any kind on your home, the owner of that mortgage will likely require you to have the home insured. This is because the bank or lien holder is the technical owner of your home. In the event the home is damaged, they would be protecting themselves from losing money.
How Much Home Insurance Do I Need?
There are a few factors to consider when looking at purchasing homeowners insurance. First, consider how much would it take to replace the structure of your home if it was a complete loss. This includes the home itself and any attached structures like a garage or in-law suite. Then, determine how much your personal possessions are worth and how much it would be to replace them.
In the event you were unable to stay in your home due to repairs, it is good to have enough insurance to cover out-of-home living expenses. Last, you are responsible for most injuries that happen on your property or in your home. Liability insurance should be added to your home insurance policy to cover any related expenses.
How Do I Know If I Am Getting The Right Policy?
At Lewis Family Insurance, we take pride in providing our clients with the insurance policy that is the best fit. We take the time to get to know you and your individual needs as a homeowner. Once we determine your needs, we compare policies from not one but up to a dozen insurance companies until we find what is right for you. We know life brings many changes, and we will be here to review and change your policy whenever you may need.
