What Can Happen If You Don’t Insure Your Home

Owning a home is a terrific goal, but it comes with a lot of responsibilities like securing the proper insurance. Homeowners insurance is required when you have a mortgage, but what if your house is paid off or you let your insurance lapse? Here are four possible scenarios that could happen should you decide to forego insurance.

A Natural Disaster Could Strike

There are a lot of things you can protect your home against, but a natural disaster isn’t one of them. You have no control over a windstorm, wildfire or a lightning bolt and the results could be catastrophic. Having no insurance means you’re stuck with expensive repairs, or you could lose the house and everything in it.

You Might Get Sued for Injuries

If someone is injured on your property, it could turn into a nightmare situation if you have no insurance. Liability protection covers medical expenses for someone that’s hurt in your home and your insurance agency Newark DE can advise you on the proper amount to carry.

You Could Be Burglarized

Homeowners insurance not only covers your structure, it also covers the contents inside. Think about the valuables you own such as computers, TVs, expensive jewelry and antiques. If you’re the victim of a burglary and these items are stolen or destroyed, you’re out of luck with no insurance.

Your Lender Might Come Knocking

When you secured your mortgage, you agreed to insure the house. If you drop this insurance, the insurance company will notify your lender. In turn, you can bet your lender will contact you to either reinstate your insurance or suffer the consequences of being in default of your agreement.

You’re Taking a Risk

Buying a home is one of the biggest and best investments you can make, so don’t risk losing it all by not insuring it. Knowing that you’ll be compensated if the worst happens will allow you to fully take advantage of all the joys of homeownership.… Read More..

Tips for Properly Caring for Your Horse

Whether you have a prize-winning show horse, or a horse that you only ride occasionally, there can be benefits to insuring your horse. Even though the task of selecting the right kind of horse insurance or finding a horse insurance quote may seem like a daunting task to some, the reality is that it can be simple to figure out what’s right for you.  

Decide If Insurance Is Right for You

Depending on the kind of horse you have and what your needs are, the type of insurance you should get can vary. Some of the things you should consider when deciding what kind of insurance to get can include how much you paid for the horse in the first place, as well as things like their level of training and their competition record. A horse that has lots of training and a competition background will usually require a higher level of insurance than one that is just a companion. Your horse’s breeding record and can play a role in their value. Additionally, researching the market and doing a market comparison can be another way to get a clear idea of your horse’s value and insurance requirements. 

Provide Yourself With Peace of Mind

One of the top benefits of getting horse insurance, besides the fact that it can potentially save you money in the event that your horse were to pass away or experience medical issues, is that it can help provide you with peace of mind. Medical expenses can be costly, and those that don’t have insurance could find themselves having to make difficult decisions if their horse were ever to experience medical issues that they couldn’t afford out of pocket. By getting insurance, you can not only potentially save yourself some money, but also feel better knowing that if something does happen, you’re covered. 

Some Last Thoughts

So, whether you have a prize-winning horse, or your horse is simply your companion, insurance can be beneficial. Additionally, doing your research it can be easy to find the right level of insurance for you. … Read More..