Three reasons why you need home insurance in Pennsylvania

Purchasing home insurance is essential for homeowners in Jenkintown, PA. If you own a home, you can look into purchasing a home insurance policy from Richard Zeises Agency. 

The following are three reasons why you need home insurance in Pennsylvania.

You need home insurance because your mortgage lender requires it.

Probably the biggest reason why home insurance is a necessity is that mortgage lenders generally require it. If you borrowed money to buy your home, your lender probably requires you to carry home insurance.

You can discuss home insurance requirements with your mortgage lender. Your mortgage lender will be notified if your home insurance policy lapses, so you need to make sure that you keep your home insured throughout the life of your mortgage. 

You need home insurance because you may face a liability lawsuit.

Liability lawsuits are probably more common than you think. If another individual becomes injured in or around your home, you could be held liable for the resulting medical expenses. These expenses can be significant.

Home insurance policies typically include liability coverage. This coverage can protect you financially as a homeowner.

You need home insurance because your home could experience damage. 

Your home is a very valuable asset. However, its value can decline rapidly if it becomes damaged due to a natural disaster or accident.

Home insurance policies offer coverage for certain types of home damage. This protects a home’s value over time and protects the homeowner’s investment in the home in question. 

Do you have questions about home insurance options in Jenkintown, PA? Get in touch with us for answers. We can help you meet your insurance needs in Pennsylvania at Richard Zeises Agency