Do You Really Need Homeowners Insurance

Like car insurance, homeowners insurance is important to protecting your home from damage, certain natural disasters, or if someone is injured on your property.

There are 6 types of homeowners insurance options, the top 3 being HO-3. HO-4 and HO-6.

• Special Form Homeowner Insurance (HO-3) is probably the most popular and protects against damage to the home, including personal belongings.
• Renters Insurance (HO-4) protects people who are renting their home or apartment. This policy protects your belongings among other things.
• Condominium Insurance (HO-6) is the another popular policy and protects those who own a condo or co-op. For more information about this and all the other homeowner insurance policies, here is a great website. 

When deciding which homeowner insurance is best for you, here are some things to consider:

Know your homes value. This is important to establish your home’s replacement cost if something were to happen.

Do your research. Not all insurance companies or insurance policies are the same, so make sure you take the time to do your research to know which insurance company and policies are best for you.