Many homeowners believe they do not need home insurance or liability coverage — until they do. Here are a few reasons why home insurance is worth it when you consider liability coverage;

  • Legal Fees: If someone has an accident on your property and blames you for it, they may sue. Do you have the money to pay for legal representation?
  • Reparations: If you are ordered to pay personal injury reparations to the victim, do you have enough money set aside for this? Liability coverage usually goes up to about $1 million.
  • Protect Your Property: If you don’t have insurance or enough money to pay for these expenses, you could lose your home and other personal assets.

Why take a gamble on your assets? For just a few hundred dollars per year, you could get a $1 million safety net. You can’t put a price tag on your peace of mind.