If you are a homeowner, you should always ask yourself what would happen to you and your house in the event of a burglary, fire, or any other unfortunate event. Do you have financial protection if something happens? Is your home properly protected?
One of the best ways to protect your home today is to get home insurance, but many homeowners decide not to purchase it to save money. If you are one of them and you do not want to spend money on home insurance, you should be aware of the risks.
Jason Ridley Agency in Colleyville, TX can help you navigate this vital coverage.
What Are The Risks Of Not Carrying Home Insurance?
- Your property is left unprotected. You should understand that without home insurance you are responsible for all the repairs and fixings you may have if something happens to your property. Without an insurance policy, you will have no financial security and will have to cover all the expenses.
- No liability protection. If your guest or visitor gets injured on your property, you will not be covered against lawsuits if they decide to sue you. In addition, you will have to pay for their medical bills, which can cost a fortune.
- You may have a mortgage default. Even though homeowners insurance is not required in Texas, many mortgage lenders do not approve homebuyers for a loan until they get home insurance. If your lender is like this and you decide to cancel your policy after getting approved for a loan, your mortgage lender will most likely get notified, and your action will be considered a violation of your mortgage contract.
Get Home Insurance Today
If you are a lucky homeowner and you are searching for an insurance agency to buy home insurance for your property, you should contact Jason Ridley Agency. Our knowledgeable and experienced insurance agents serving clients in Colleyville, TX and other nearby areas will help you find a perfect policy based on your needs and budget. Feel free to reach out to us to know more about the insurance options that we offer.