Hazard Insurance a Necessity for Homeowners

InsuranceAgents.com discusses the importance of hazard insurance to all homeowners. End Quote

The main reason for obtaining hazard insurance is that lenders want to be sure their investment is protected

Chicago, IL (1888PressRelease) September 06, 2009 - Any homeowner who sees their home as the valuable asset that it is wants all the necessary coverage (and preferably at an affordable price) that they can find. Among the most crucial of coverage options on a home insurance policy is hazard insurance. Any home insurance policy you purchase should include an adequate amount of hazard insurance for any and all possible risks to your home, according to a recent InsuranceAgents.com.

Hazard insurance benefits more than just your own pocket, according to the InsuranceAgents.com article, ‘The Dukes of Hazard Insurance: A Must for New Homeowners.’

“The main reason for obtaining hazard insurance is that lenders want to be sure their investment is protected,” the article states. “If your home is not covered by an insurance policy and something happens, the lender may not be able to recover the loan.”

Hazard insurance financially protects you from a variety of risks, any one of which can pose thousands of dollars worth of damage to your home, making hazard insurance a very valuable part of your home insurance policy:

• Fire, lightning, windstorm, or hail
• Extreme weather
• Vandalism
• Theft
• Falling objects
• Freezing of a plumbing, heating, or air conditioning system, or household appliance

Hazard insurance does not cover, however, floods, earthquakes or mudslides. Talk to your home insurance agent about adding that important coverage to your policy.

Without an adequate amount of hazard insurance, your home insurance policy isn’t worth the paper it’s written on. Contact your homeowners insurance agent as soon as possible to discuss sufficient coverage for your policy. Hazard insurance can be particularly helpful during those situations and tragic events that you don’t expect and can’t afford to fix out of pocket.

staff contribution: Meha Ahmad

Visit InsuranceAgents.com for more information.

http://www.insuranceagents.com/new-home-hazard.html

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