Homeowners Insurance in Plano
Though it is not against the law to live in your home without homeowners insurance, purchasing a homeowners insurance policy (Allen, TX and Plano, TX included) may be required by your mortgage company, and may also be one of the most important decisions you make in your entire life. The country has watched as numerous homes were destroyed in recent tragic events such as the tornadoes in the south. Unfortunately, many of those who lost their homes did not have homeowner insurance policies, and therefore, literally, lost everything they had during the disaster. Whether you live on a fault line and are at risk for a major earthquake, or you feel that you may be at risk of a home-invasion type robbery, it is extremely important to purchase homeowners insurance. The monetary loss you may experience if your home is struck by disaster may be truly overwhelming and the risk you may be taking by not purchasing a homeowners insurance policy may be a risk that is more than you can afford to take.
Understand Your Homeowners Insurance Policy
It is also important to understand your policy and make sure you know what is covered under your particular policy and what is not covered. For example, in general, floods are not covered by home insurance policies. Make sure to go over your policy with your agent in detail so you are not blindsided by a denied claim.