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Top 3 Reasons Everyone Should Have Property Insurance


March 7, 2018

Whether you are a homeowner or an insurance company looking to help your customers, it is important to know the benefits of property insurance. Insurance is the key to not having to spend thousands and thousands of dollars when an accident happens, or disaster strikes. Disasters and accidents can be enough of a headache—it can be much worse when there is not insurance there to help pick up the expenses. Learn these top three reasons to have insurance, whether it be for your own belongings or to help explain to a customer.

Insurance Might Be Required for Your Mortgage

If you have a mortgage, chances are likely that having homeowner’s insurance is a requirement of your agreement. Why? Essentially, the home is your bank’s collateral in case you default on your payments. If a house were to catch on fire and burn down, or a natural disaster occurs ruining the house, not only are you out of a place to stay, but the mortgage lender loses out, too. Each bank has different requirements. Different factors, such as the location of the home, weather, and age can all play into what type of insurance a lender recommends. Homeowners can do their research and shop around to find a great deal before committing to this new monthly payment.

Aids with Unexpected Events and Accidents

In today’s society, anything can happen! Inclement weather can strike and damage a home in an instant. From lightning strikes and high winds, to tornadoes or large amounts of snow and ice, unexpected events can devastate a home. But weather is not the only negative thing that can ruin a home. Unfortunately, millions of homes are broken into each year. Thieves can be ruthless, taking anything they find, and destroying things in the process. Homeowners should add up the costs of different valuables in their home. Next, for anything that has a serial number, be sure to get it down. This will be helpful for your insurance company as you report the items that have been taken.

Liability Reasons

Liability coverage of property insurance can be beneficial for accidents that occur to individuals in a home. For instance, if you or a loved one trips and falls down the stairs or has an injury during housework. In other cases, someone else may be injured on your property, putting you in a tough spot having to possibility pay for their expenses. It is important to have this type of insurance to keep you from added headaches and potential lawsuits that could seize or freeze your assets.

At Aspen Claims Service, we hope you or your clients know the importance of property insurance. If you are a part of an insurance company, Aspen Claims is a national claims adjusting firm that handles residential and commercial property losses. We can work with your insurance company to investigate claims and provide excellent customer service both to your customers and to your insurance company. We have a network of adjusters available 24 hours a day, seven days a week. When you choose the Aspen difference, you are choosing success. Call us at 888-819-5904 to see how we can help you.