Homeowners Insurance Texas 124
Imagine sitting in the comfort of your home on a Sunday afternoon watching the football game. Out of nowhere you hear the sounds someone slamming the brakes of their car. Then to your shock and dismay, the breaking vehicle you just heard comes careening through the side of your home and comes to a stop in your living room, only a few feet away from where you are sitting.
The first thoughts going to your head are, am I okay? Is the driver of the vehicle okay? But before you can even get up to check out the situation, the driver of the vehicle puts his car in reverse, pulls out of your living room and drives away as if nothing had happened, leaving a gaping hole in the side of your home. Does this sound like something you would only see in a movie? Well, this actually happened just a few weeks ago in Marshall, Texas. According to the police report, the driver of an SUV lost control of their vehicle at the intersection of Young and Morrison. The vehicle just missed hitting the homeâs occupant Bobby Hayden by a few feet. And instead of trying to make the situation right, the owner of the SUV simply backed up and drove away. Now, Hayden, who is disabled and does not have homeowners insurance, is left trying to figure out how he will cover the enormous expense of repairing his home.
The Benefits of Homeowners Insurance
Thankfully, the vast majority of us will never have a situation as dramatic as the one that Mr. Hayden faced. That being said, every single day presents the opportunity for situations to arise where our homes can be damaged or destroyed. Homeowners insurance is designed to help protect our investment. When a person has homeowners insurance, theyâre not worried about something bad happening to their because they know that if it does happen, they will have the financial backing to fix it. Of course, homeowners insurance does not cover every single incident that could take place, but it does cover a lot of them.
Homeowners Insurance Is Not As Expensive As Some May Think
People shy away from getting homeowners insurance because they think that it is just too expensive. However, homeowners insurance is usually no more expensive than any other type of policy. The amount of money a homeowner will pay every month will vary depending on the policy and where their home is located. Still, paying a monthly or annual premium is a lot better than having to pay tens of thousands of dollars out of pocket to repair your home after catastrophic damage.
More Useful Than Many Think
While it is rare for a person to experience a total loss of their home, or even have damage as catastrophic as the damage that took place to Bobby Haydenâs home, most people will experience some loss in a lifetime. Whether it is a claim for exterior damage after a storm, interior damage because a pipe burst, or recouping possessions after a theft and burglary, the peace of mind that comes from having homeowners insurance makes it a lot more beneficial than most people think.
Homeowners insurance is a must for anyone that owns their own home. Homeowners insurance is so important that most mortgage lenders require homeowners to have it for the duration of their mortgage. A homeowners insurance policy protects people from the financial burden of replacing or rebuilding their home after damage. And it gives them the peace of mind that comes from knowing that if an SUV does crash into their living room, it will be a funny story to tell friends and family and not any event that creates financial hardship.