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Are you a homeowner living in or around the Wayzata, MN area? If so, the professionals at Pizano Insurance can help you with all your homeowners’ insurance needs.
Did you know that lenders would require your property to be protected with homeowners insurance before providing a loan? Why? They want to ensure that their interests are protected in the event of a total loss.
This coverage will be the primary source of the funds needed to rebuild. It will also provide coverage for any legal action resulting from an injury to a guest. In the worst possible scenario, your entire investment could be lost. Make sure you can cover the costs of rebuilding or repairing your home in case of a covered loss.
The standard homeowners’ insurance policy will include coverage for your home or dwelling, other structures, such as a garage or storage shed, personal liability, and liability for the protection of visitors or guests,
The most common causes of insurance claims are both weather-related and non-weather-related water damage, wind, and theft. These causes make up 77% of all homeowners’ claims submitted. Don’t leave yourself open to this kind of financial disaster.
But there are some things that a homeowners’ policy will not cover. Coverage for valuable artwork, jewelry, collectibles, damage from a flood or earthquake, and identity theft protection are not covered.
If you have no homeowners’ insurance, it could violate the terms of your mortgage agreement. Your lender could force you into a lender-placed insurance policy, which is much more expensive, or send your loan to default. This will lower your credit score and increase your risk of losing your home to foreclosure.
Make sure you protect your home. Contact Pizano Insurance today. You will be glad you did.