3 Reasons to Purchase Home Insurance in California

Posted on by agentinsure

A matter that seems more daunting than it actually is, purchasing a home insurance policy in Laguna Hills, CA doesn’t have to be as difficult as you think. In fact, it could be one of the simplest elements of acquiring your home and also one of the most rewarding over time. Do you live in California and need more information on acquiring a home insurance policy? The following is a closer look at three reasons to purchase home insurance in California.

Mandatory for Mortgage Lenders

One of the top reasons to purchase home insurance in California, home insurance policies are mandatory to receive a loan for your mortgage from most lenders. Therefore, rather than waiting until you are told that you must acquire a policy before closing on your home, you can purchase your policy ahead of time and beat them to the punch.

Protect Assets 

In addition to that, by purchasing a home insurance policy you are ensuring that your home and personal property is protected. In the unlikely event of issues such as burglaries, natural disasters, and more, your home insurance policy can provide you with the money and resources to keep your life together when your world seems to be otherwise falling apart.

Protection for Injuries

Lastly, depending on the type of policy you purchase, your home insurance policy can provide financial compensation to those who become injured on your property. Given that situations such as this can result in extremely costly lawsuits, purchasing a home insurance policy is the best way to protect people who visit your home in the unfortunate event of serious physical injury.

Overall, if you are looking for an excellent insurance company in Laguna Hills, CA, Friant Insurance Agency is an excellent option. No matter if you prefer to call, email, or stop in. Friant Insurance Agency will provide you will excellent service and competitive rates.

 

Does Everyone Need Home Insurance?

Posted on by agentinsure

Home insurance is something that, much like car insurance, is required by law save for the fact that not all people are required by law to hold it. There are a few different instances in which you are required to hold a home insurance policy but all people can benefit from a policy. The helpful agents at Friant Insurance Agency in the Laguna Hills, CA area can help you get the policy that works best for you.

Who is Required to Hold a Home Insurance Policy?

Not all homeowners are required to hold home insurance. Those that are renting do not have to have home insurance policies but are encouraged to hold renters insurance, those that own their home and are not paying a mortgage or a lien are not required to hold home insurance, and those that do not own the home do not have to have a home insurance policy.

Those that are required to hold home insurance policies are people that have loans, mortgages, and liens against a property. The home insurance in this case is as much to protect the homeowner as it is to protect the lender should the home be destroyed. A mortgage company will be able to recover the money they have lent in the case of destruction of the home if the owner has a home insurance policy.

Should You Go Without a Policy?

As mentioned you do not have to hold a policy under certain circumstances but it is always something that is beneficial. Most homeowners do not have $200,000 laying around to rebuild if their home is destroyed so having a home insurance policy can help you recover if something does end up happening. For those that have questions about home insurance and live in the Laguna Hills, CA area, the agents with Friant Insurance Agency can help.