What can happen if you don’t have homeowners insurance?

Homeowners insurance is a very important thing to have. To understand why it is so important one must understand what homeowners insurance is. Homeowners insurance is a form of property insurance that is designed to protect ones home against damages to the house itself or the possessions that are in the home. It can also provide liability coverage against accidents that take place in the home or on the property. In the United States there are seven forms of homeowners insurance that have become standardized.

Disasters can strike at any time and in Lafayette, CO it is important to be covered. Many things can occur in Lafayette, CO such as severe storms, floods, wildfires, and more. The weather in Colorado changes so often that a small storm can drop a funnel cloud or tornado for a quick warm up to melt off the snow with the intensity. Luckily the National Weather Service relays weather messages, but if your home is not protected then it can be a disaster. Wind, wind driven rain, falling objects, or the collapse of a structure can cause damage to one’s home and if they are not insured then that can cause a lot of pocket expenses. Severe storms can cause floods and water damage to the home, which can lead to mold.

Wildfires threaten homes and personal property in Lafayette, CO, and without the homeowners insurance the home can have smoke damage and fire damage to the property and no help will be provided for damages. With those damages it can get expensive, but with homeowners insurance it can help cover your home and personal property for the actual cash value.  Contact an agent at 1st American Insurance Agency to learn more today.