LPH

Why do we need insurance?

Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim.

Insurance helps you:
Own a home, because mortgage lenders need to know your home is protected
Drive vehicles, because few people could afford the repairs, health care costs and legal expenses associated with collisions and injuries without coverage
Maintain your current standard of living if you become disabled or have a critical illness
Cover health care costs like prescription drugs, dental care, vision care and other health-related items
Provide for your family in the event of a death
Run a small business or family farm by managing the risks of ownership
Take vacations without worrying about flight cancellations or other potential issues

What is Homeowners insurance?
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.

Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.

Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.

Call me and lets see what I can do for you.