Why Home Insurance Is Cheaper Than Not Having It

Most households maintain a budget these days. They keep a close eye on where their money goes so that they will have enough at the end of the month. In many of these households, home insurance isn’t included in the budget because they don’t have it. If your household in Brandon, FL doesn’t have home insurance, you are setting yourself up for a financial letdown.

Avoid Costly Repairs with Home Insurance

Although home insurance increases your monthly expenses, you can budget for it. However, the cost of making repairs following a hurricane or other disaster can cost you thousands of dollars. Between 2010 and 2014, the average cost for a fire, lightning, and debris removal claim was $39,791. When you compare that to the average annual cost of home insurance in Florida, $1,991, it’s easy to see that not having home insurance costs more.

Home Insurance Covers Liabilities

Another protection offered by home insurance is liabilities. If a guest visits your home and sustains an injury on your property, it’s possible you will be responsible for making them whole. Without home insurance, you must cover these costs alone. If you are fighting to maintain your budget, an injury on your property could be the budget-breaker that prevents you from providing for your family.

Home Insurance Prevents You from Replacing Personal Assets

When you experience a loss, odds are, you will experience a loss of personal property as well. Items like computers, TVs, and furniture are expensive to replace. Imagine if you had to replace all the personal belongings you own in one room. How much would it cost? What if you had to replace all of your personal belongings? Fortunately, you may not have to do that if you have home insurance.

In Brandon, FL, home insurance is a necessity. If you don’t have it, contact us to get it now by contacting us on our website. Budgets are great, but they can’t help you avoid a financial catastrophe due to repairing your home or replacing your property following a loss.

How To Choose the Right Home Insurance

Home insurance is something that should be specific to each and every policy holder and as such, finding the right policy is going to be different for every person. What might work for some may not work for others making it necessary to learn how to choose the right policy. For those in the Brandon, FL area, Runnels Insurance can help you find your perfect policy.

Where to Start

You should first start by determining how much you home and its contents are worth. This is going to help your agent determine how much they need to insure your home for and how much it would cost to replace the contents of your home and rebuild in the current economy. You then need to speak with an agent about how much you need to take out.

The Next Steps

After your initial consultation and finding out how much your home is worth, you also need to take the time to see what supplemental policies you might benefit from. For instance, if you live in an area where flooding is common, where hurricanes happen, or where an earthquake is likely, you might want to add those policies to make sure you are covered.

Checking Coverage

Even after you get your coverage taken care of and your policy is in place, it is beneficial to check coverage often and to update it to reflect changes that have been made to your home and value changes in rebuild costs. Your agent will work with you to make sure your policy is up to date through the duration of the time that you are with the agency and that you hold that particular policy.

For those that want more information and live in the Brandon, FL area, contact the agents at Runnels Insurance today.