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Why Do I Need Homeowners Insurance?

Services for Real Estate Pros with The Hovde Agency


Protect your Home, Protect your belongings, and Protect the assets you've worked so hard for!

  • Dwellings and other structures - For most of us, our home is the single, largest investment we will make.   Homeowners insurance provides coverages for damage to your home and other structures on your property such as a shed or detached garage.

  • Personal Property - Homeowners insurance also provides coverage for your household contents and personal belongings. You may think your couch, coffee table, sweaters, shoes, coats, TV, VCR and CD player aren't worth a lot but those items all add up.

  • Personal Liability - Finally, in the event someone is injured on your property or you damage property that belongs to others, you could be held legally liable for the injury or damage.  A homeowner policy provides liability and personal property insurance to financially protect you should this ever occur.

Enjoy the benefits of Homeowner's liability insurance even if you rent, or own a condominium .  If you rent or own a condominium, you still need coverage for your household contents and personal belongings and personal liability.  There are specific policies designed for those who rent or own condominiums.

Comments (2)

Johnny Huang
Pleasant Hill, CA
Insurance and Real Estate Broker
Loss of Use is a coverage that is sometimes misunderstood. This covers room and board if the home cannot be lived or if you own a rental (listed as loss of rents) will pay for any rents that can't be collected after the disaster.
Feb 13, 2008 03:53 AM
Alan Mills - Creating Closer Communication
ACN - Spokane, WA

Hey Brad.

I've been thinking about what we discussed just now and I am staggered!

You mean that, in the event of a successful claim against me for more than my policy limits, I could lose every single asset I've worked for in the last 30 years? That I could have my wages garnished by up to 45% for the next fifteen years! That is incredible.

It is one thing to chose to have at risk everything that is owned but to lose what I haven't yet got is unconscionable!

The umbrella policy is fantastic. THANK YOU for your service!

May 21, 2008 05:23 PM