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gansfuss-home-insuranceMost lenders require homeowners to carry an insurance policy in case the home is damaged. In general, homeowner’s insurance covers damage to your home caused by fire, theft, and certain natural disasters. Homeowner’s insurance also protects you from liability in the event someone is injured in your home. When deciding whether to purchase a homeowner’s insurance policy, keep in mind the policy can save you thousands, possibly millions, of dollars if your home is damaged or destroyed or someone attempts to sue you after being hurt in your home.

 

Many realtors include a home warranty as a closing gift to clients, but be aware that a home warranty is not a substitute for homeowner’s insurance. A home warranty covers the physical parts of your home, such as the refrigerator and air conditioning system, in the event one of those parts breaks down. Home warranties do not cover losses or damage due to theft or weather events, but homeowner’s insurance does. Ideally, you’d have both a home warranty and homeowner’s insurance, but if you can only afford one, homeowner’s insurance is probably the way to go, as it offers more coverage.

 

Did you know that 31% of homeowners don’t know how much their homes are insured for? 46% don’t know how much money they’d get to replace personal property. At the Dave Gansfuss Agency we will sit down and explain everything to you and your options.

 

  • The average first time home buyer waits until age 31 to take the plunge which makes their home even more precious.
  • Disaster lurks. 4/5 Americans live in a county that has been hit by at least one federally declared disaster since 2007.
  • Each year, there are 364,500 residential fires. The average homeowner who had a fire pays $7,847 out of pocket in repairs.
  • An American home is burglarized every 14.4 seconds. So during that average 2 minute commercial break, 8 homes are broken into.
  • 31% of home-owners don’t know how much their homes are insured for.
  • 46% don’t know how much money they’d get to replace personal property.
  • 67 didn’t know they need to buy extra insurance to cover water damage like from a flood or sewer backup.