Property insurance covers the cost to replace your home and its contents in the event of a natural disaster like severe weather or wildfire. The last two years have seen major wildfires in Texas. Bastrop State Park and over 1600 homes were destroyed in 2011. 2012 saw major wildfires in Texas including the Spring wildfire and Livermore Ranch wildfire. Sadly, some property owners did not have property insurance and lost everything they had. Why take the risk?
With economic woes comes an increase in crime. Although the economy is showing signs of improvement, home break ins have increased. Property insurance covers your belongings in case of a home break in. Being robbed is traumatic enough without the increased burden of being uninsured and thus unable to afford to replace stolen personal belongings.
Your lender may require property insurance if you have a mortgage on your home.
Property insurance reduces your personal liability. If someone is injured on your property, his or her medical bills are covered. And while you hope your friend won’t sue you, your attorney costs are covered too.
For more information about property insurance in McKinney, Texas, please contact Pierce Insurance Group.