Homeowners Insurance in Chattanooga, Cookeville, and Hixson, TN

Homeowners insurance is a vital safeguard for your residence and possessions. This type of policy offers financial security in the event of unexpected incidents affecting your home. If you’re curious about homeowners insurance or seeking a quote without commitment, our agency is your go-to resource.

What Is Homeowners Insurance?

Home insurance is a package policy, which means that it covers damage to your property after a covered loss and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. There are usually additional coverages or endorsements, also called riders, that you can add to the standard coverages provided by home insurance to ensure adequate protection.

Do I Need Home Insurance?

While purchasing a home insurance policy may not be mandated by the federal, state or local government, your lender may require proof of home insurance if you have a mortgage. Carrying appropriate homeowners insurance is always a good idea as the policy can help financially protect you if you experience a covered accident or other loss. Without home insurance, you may be left to cover the replacement or repair costs on your own following an incident.

Essentials of Homeowners Insurance

Homeowners insurance functions as a comprehensive policy. It not only covers damages to your property in the wake of specific losses but also addresses your legal obligations should you or your family members accidentally cause injury or property damage to others. Beyond fundamental coverage, home insurance policies can be enhanced with extra endorsements or riders, tailoring the protection to your specific needs.

The Necessity of Home Insurance

While there’s no universal legal requirement to hold a home insurance policy, if you have a mortgage, your lender will likely insist on it. Opting for homeowners insurance is a prudent decision. It offers a financial safety net against losses or accidents covered by the policy. Without this insurance, you might have to bear the full financial burden of repairs or replacements after an incident.

How to Get Home Insurance

If you need a homeowners insurance policy or want to evaluate whether the coverage you have is adequate, we’re here to help. Give Builtwell Insurance Agency Inc. a call today to get started or request your free quote now.