It’s not Optional, It’s Essential!
If you’re buying a home, you might be wondering: Do I really need all this home insurance coverage? The short answer is yes! Not only is it essential for protecting your real estate, but most lenders require it before you can even close on your home. No insurance means no loan and thus, no home. Let’s break down what home insurance covers in simple terms and why it’s a must-have.
Hi, I’m Tanja Odzak, eXp Realty. I love helping people. I’m a Senior Level Realtor and I help people sell and buy homes right here in the East Bay!
First, most policies cover repairs & rebuilding costs if your home is damaged by fire, storms, or other covered disasters. This is crucial for safeguarding what is likely your biggest investment! Also, many policies cover personal items like furniture, electronics, and clothing if they’re stolen or damaged. Imagine losing everything in a fire and needing to replace essential items you’ve worked so hard for.
Then there is liability protection. This coverage protects you if someone gets injured on your property. Good homeowner’s insurance can help cover medical bills or even legal costs if you’re sued. This can save you from unexpected financial burdens.
Unfortunately, lately, we all have seen home insurance costs rising due to extreme weather events like wildfires and hurricanes, as well as increasing repair costs for materials and labor. As we’ve all heard, some insurance companies are pulling out of high-risk areas, which makes shopping around for the right policy more important than ever.
And finally, a few key things to remember. Your first insurance payment is included in your closing costs, but after that, it’s a recurring expense, so be sure to budget for it and remember not all policies are the same. It is important to take the time to compare coverage options and find one that works best for your location and needs. Home insurance isn’t just another bill, it’s an investment in your peace of mind.
If you are a buyer looking to buy, Call me today and let’s talk about it! I’m Tanja and I sell homes. I’m a seasoned East Bay expert with a 5-star rating, and I’d love to get you started on your path to homeownership. Let’s get you going, Call me today!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
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