Put yourself in the sneakers of a video-gaming teenager. You’ve ‘worked’ hard to reach the climax of your game and the only thing that stands between you and victory is a formidable antagonist. Do you save your game or hope for the best and just let it ride? If you’re sensible, you save. That is exactly why home/property insurance is so important.
Hear us out.
You’ve gone full adult and bought a home, so the stakes are higher than those of a video game. But, that being said, the principle is still the same. Do you protect your progress or just hope for the best? If your inner teenager is telling you to save your game, now is a good time to listen.
What, exactly, is property insurance?
Home/property insurance is the best way to ensure that your home stays safe and sound. It is a type of insurance policy that covers the house itself, safeguarding it against a variety of possible causes of damage.
You pay a monthly premium and, in return, you get the relaxation that comes with knowing that any policy-covered damage to your home’s walls, roof, floors, etc. will be paid for by your insurance company.
What does property insurance cover?
Ah, you picked up that we said ‘policy-covered’ damage. Well done you. We did so because there are some things that you can’t claim for. But you’ll find that property insurance actually covers a lot more than you may think.
Here is what is covered by building insurance:
Natural damage
The damage that occurs from nature is often covered by property insurance. This includes fire damage as well as the results of storms, flooding, and other natural events.
General damage
Property insurance often covers any damage done to your home, whether intentional or accidental. So, whether your home is hit by vandals or a rogue weather balloon, you’re covered.
Theft
If your property is damaged as a result of theft or attempted theft, you’re still covered.
Water damage
This pertains to damage done as a result of faulty geysers, burst pipes, tanks, or gutters. Property insurance covers all of this, keeping you as happy as a duck in water… wait, was that a bad analogy?
So, why do I need home/property insurance?
Long story short, you need property insurance because it’s like saving your game. You go forward not knowing what the future holds, but being sure that you won’t lose out even if things don’t go according to plan. And that’s a great thing to have in the game we call life.
For more on property insurance or to take out a policy, be sure to get in touch with us right away!
