Reasons to Have your House Insured

As much as you might want to believe that your home is safe from everything under the sun, the reality is that there are many things that could cause damage or even destroy your property. If you do have homeowners’ insurance, then you can easily file a claim with them if something bad happens to your house. Here are some reasons why you should consider purchasing this type of coverage for your home.

The requirement to have a mortgage

As a homeowner, you’re going to need home insurance. Mortgage lenders require that your house be insured as part of the mortgage contract. In some states, it’s even a legal requirement for homeowners to have home insurance in place or else risk losing their homes.

If you’re just buying a home, you may be able to get by without any coverage at all. But if you own a house and do not have insurance coverage, you’re leaving yourself vulnerable to financial loss in the event of damage or destruction.

To protect your assets from theft and vandalism

If you’re like most people, your home is where you store most of your valuables. You also probably have a number of valuable items inside your car that’s parked at home.

If these things are damaged or stolen, an insurance policy can help you replace them. Especially if the damage is caused by someone else—for example, if your house is broken into and some of its contents are stolen—the insurance company will cover the cost of repairing or replacing those items.

For example: If someone breaks into your house and steals some jewelry or watches from inside it (or even takes something from outside), then they’ve caused damage to both the property itself as well as any personal property within that space. The same would be true if someone broke in through a window or door (which would likely also constitute vandalism) and ransacked all of your drawers looking for cash or other valuables before leaving with one or two items on their person (that’s theft). 

In both cases there would be extensive repairs needed because those parts of the structure were breached; but additionally there would be costs associated with replacing any missing belongings because they were personal items not necessarily covered by normal homeowners’ insurance policies themselves.

The protection of your assets

Home insurance covers your assets and your family’s assets. It’s one of the things you can’t afford to skimp on. Your home is a valuable investment, and it’s worth protecting with homeowners’ insurance.

Homeowners’ insurance protects against damage to your home and its contents. If a fire or other disaster strikes, it pays for repairs or replacement of those things that are lost or damaged. It also provides liability coverage in case someone gets hurt on your property and sues you for damages. But don’t just take our word for it—check out what others are saying about our company and how we treat their families.

You will be covered if there is an accident

If there is an accident, you’ll be covered. If a fire breaks out, if the house is damaged by storms, if someone breaks in and steals your belongings—you will be covered. Insurance companies aren’t interested in how the damage happened; they’re just interested in making sure that their customers get paid up to their limits.

This means that if you have homeowners insurance and there is an accident, the insurance company will pay for any damages up to their limits. They will also pay for repairs and sometimes even legal fees.

Usual types of Home Insurance in the market

When it comes to home insurance, you have a few options that you could choose from.

Replacement Cost

The most basic level of coverage is called “replacement cost.” This means that if your home is damaged or destroyed, you’ll be reimbursed for the cost of repairing or rebuilding it. If you want extra protection, there are also other types of coverages:

Loss of use 

This pays for temporary housing costs if your house is unlivable after an accident or disaster.

It can be used to pay for a hotel, motel, or rental house. The money you get covers the cost of the stay and any additional expenses you incur while living somewhere else while your home is being repaired.

Personal property

If something happens to your belongings in the home (not to the home itself), this covers their replacement value.

If a flood or storm causes damage to your belongings, policies would usually cover the cost of replacing them with new items that are similar in quality and type. In most cases, this will be a brand-new product.


This covers any damage caused by someone who visits your home—for example, if they slip on a wet floor while visiting and fall down the stairs. In the event of an accident, this coverage can help with medical bills and compensation for time lost from work.

Medical payments

In the event of an accident on your property, this pays medical bills for anyone injured while visiting or living at your house. The most common policy covers you and your family members, but also all guests who are within a certain age range. This may include people who are visiting for business or pleasure, including friends and relatives.

Call Cribb Insurance Group Inc

There are a lot of reasons why you should protect your home and family with a home insurance policy from Cribb Insurance Group Inc. Whether it be to protect your assets or for peace of mind, having the right coverage can help you sleep better at night.

When it comes to something as important as insurance, it’s better that you work with an agency like us who can offer not just one but multiple insurance products and companies. That’s why we encourage all of our clients to call Cribb Insurance Group Inc for their insurance needs. To find out more about us or the products we offer contact us today at (479) 286-1066!

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Are you ready to save time, aggravation, and money? The team at Cribb Insurance Group Inc is here and ready to make the process as painless as possible. We look forward to meeting you!