Do I Need Homeowners Insurance?

As local insurance professionals, we understand how important it is to insure homes against unexpected financial events. Whether you’re settling into your first house or have lived in your home for years, you may wonder if homeowners insurance is truly necessary.

Ryan A Gomez Agency, LLC believes that understanding your coverage options is the first step toward safeguarding your property and your financial future.

Why Homeowners Insurance Matters

Our area’s unique climate brings beautiful weather, but it also means exposure to risks such as hurricanes, tropical storms and flooding. Homeowners insurance and related coverage can help insure your investment from these and other perils.

While state law does not require homeowners insurance, most mortgage lenders will require you to carry a policy as a condition of your loan. Even if you own your home outright, having insurance can make a huge difference after an unexpected incident.

What Does Homeowners Insurance Cover?

A standard homeowners insurance policy typically includes the following:

• Dwelling coverage helps pay to repair or rebuild your home if it’s damaged by covered events such as fire, wind or hail.
• Personal property coverage insures your belongings, like furniture and electronics, if they’re stolen or damaged.
• Liability coverage covers you if someone is injured on your property or if you accidentally cause damage to someone else’s property.
• Additional living expenses coverage helps with costs if you need to live elsewhere while your home is being repaired after a covered loss.

Notably, home insurance doesn’t cover all risks. Flooding, in particular, is a common peril in the state. Homeowners should consider a separate flood insurance policy if they live in a flood-prone area.

How We Help Homeowners

Our team at Ryan A Gomez Agency, LLC is dedicated to helping homeowners find the right coverage for their needs. Contact us today to discuss your homeowners insurance options.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.