4 Possible Dangers of Not Getting Home Insurance

​People may have differing opinions on politics, but one thing is for sure: home insurance is essential, and not getting one can multiply your problems tenfold. Hence, in this article, we will be introducing the vital things you should know about home insurance. Here are four reasons why not getting home insurance is a bad idea.

1. No funds to cover an accident
   Should there be an unfortunate accident within your property, you are held liable for it until proven otherwise. Let us say the pizza delivery guy slipped on your porch and broke his wrist. Without insurance, you will rely on using your savings or even borrowing money. 
   
   Home insurance will save your finances in the instance. Nobody wants accidents, but you do not want to be unprepared when it happens. 
   
   
2. Violating a mortgage clause
   A mortgage refers to the agreement that a bank will be paying your property, but they will get the title as well. Any violation of the clause means the bank will take your property and further problems. 
   
   Having home insurance is essential to a clause because the bank wants to protect the property that they are bankrolling. Home insurance will protect your home from a wide array of events.
   
   
3. Storm, fire, and other catastrophes can happen anytime.
   If you have home insurance and your house burns, the insurance company is then obligated to dole out a certain amount of money for you to have a new house again. The process is not that simple, but that is it. 
   
   Again, it is better to have it when you do not need it than not to have it when you need it. You do not want to end up with a burnt house and burnt savings. 
   
   
4. Hiring a lawyer is expensive.
   Let us say the pizza delivery guy sues you for the accident. The reason being the porch was allegedly unkept and slippery. If you have no insurance, you will use your savings to both finance his hospital bills and, in case he sues, the litigation.
   
   However, an insurance company is obligated to assign you a lawyer in that incident. Not that they will protect your finances, but also your civil/criminal record. 

At Keith Sanders Insurance Group, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (254) 235-8185. Get your free quote today by CLICKING HERE.