Are you thinking about forgoing a homeowners insurance policy? We can understand that sometimes you just want to save as much money as you can manage. There is nothing wrong with thinking along those lines. But you also have to understand that if you are serious about your home, then you will want to keep it protected. There are so many things that can go wrong if you do not have homeowners insurance. And without those homeowners insurance savings, you will be looking at spending thousands of dollars on repairs. That does not help anyone.
Yes, you may want to find a cheap homeowners insurance policy. There is nothing wrong with that. But being without one completely is going to cost you in a big way. You may think that you will not miss the homeowners insurance savings since nothing bad is going to happen. That is true, nothing could happen to your home in the next 12 months, or the following 12 months. But what if something happens in year three? Or year four?
There is a reason these policies exist. They are there to protect people from events they cannot foresee. You cannot predict when a hurricane, tornado, flood or some other natural event is going to damage your home. You cannot predict those things. And there is very little you can do to protect your home if such a disaster is imminent. You can board up the windows and minimize damage, but you cannot prevent it altogether. The only thing that you can do is remain prepared. And that means having a great homeowners insurance policy.
The beauty of these policies is that when something does go wrong, you have the coverage there to help you. Many homeowners insurance policies will not only pay the majority of the money you owe for repairs, but they will even cover some of your hotel stay. Say your home is a disaster because of a hurricane. Now you have to stay somewhere for two weeks. Your policy will pay for most of your hotel stay. How amazing is that? You may think these policies are just there to take money away from your each year. But that is not true. These policies will help you in a big way, especially if something goes wrong!