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    Why Do You Need Home Insurance?

    Home Insurance
    Buying a new home is an exciting, and sometimes challenging, time. Between the inspection, closing, and everything else that has to happen before the sale is final, the process can make your head spin. Consider the fact that you now have to buy homeowners insurance, and you may not know where to begin.
    Understanding why home insurance is necessary and how it can help you is the first step toward picking the right policy. Keep in mind, even a brand-new home can have issues, accidents, and incidents. Take a look at why this type of policy is extremely valuable. 
    Wild Weather
    Your new home is structurally solid. It passed the home inspection with flying colors, and you feel completely comfortable that your home will protect you and your belongings from anything that Mother Nature has to offer. That is until a lightning bolt strikes your chimney or a seriously windy storm hits your home.
    Weather-related incidents rank among the highest of all home insurance claims. These include damage caused by high winds, lightning strikes, and hail. While you can't stop the weather from happening, you can reduce the risk of damage, and the likelihood that you'll have to file an insurance claim, by moving potentially damaging items inside before a wind, thunder, or rain storm. These items include anything that could fly through the air and into your home, such as gardening tools or outdoor furniture.
    Even if you do secure all of the patio chairs, the kids' outdoor playhouse, and everything else surrounding your home, tree limbs, fast-moving hail and the wind itself can still cause damage, which is where home insurance comes in. Without it, you're stuck paying for the repair costs. But if your policy covers this type of damage, you may only have to pay a deductible.
    Fire Damage
    Home fires account for billions of dollars' worth of damage annually. In 2016, the total amount of fire damage costs reached over $5.6 billion, according to the National Fire Protection Agency (NFPA). You can reduce the risk of a house fire with a few simple strategies.
    Start by installing smoke detectors on each floor of your home. Check the batteries often (at least twice a year) to make sure that they're in proper working order. You should also keep a close watch on burning candles, log-burning fireplaces, and your stove and oven as you're cooking.
    Regular maintenance, such as professional inspection and careful cleaning of fireplaces, wood-burning stoves, and kitchen appliances, can also lower the risk of a fire occurring in your home.
    But if, despite your best efforts, your home does catch on fire, a home insurance policy may be able to lower the repair and restoration costs. Depending on the policy itself, your insurance may pay to replace property, restore areas of smoke damage, or repair other issues that make your home uninhabitable after a fire.
    Burglary Loss
    According to the U.S. Bureau of Justice Statistics, the number of property victimizations in 2016 reached 15.9 million. This means that 8.8% of households across the country fell victim to some sort of home burglary in 2016 alone.
    Adding a home security system can dramatically reduce the chances of theft. Not only does this type of system deter would-be burglars, but it may also stop them in their tracks if they do attempt to enter your home.
    However, even though a security alarm may reduce the risk, it doesn't offer a complete guarantee. In the event of a break-in, your home insurance may reimburse you for the resulting loss. This can save you time, money, and aggravation in the long-run.
    Do you need home insurance? Contact Rowell Insurance Agency for help with picking the right policy for your household.