For many people, having home insurance is a requirement. For others, it’s still an essential way to protect yourself. Going without home insurance opens you up to countless risks that could be financially devastating. Don’t go a day without this coverage. To get your policy, call us at Avail Insurance Solutions LLC if you’re in California, Oregon, Nevada, or Arizona.
Mortgage Lenders
If you get a mortgage loan to buy your home, your lender will require you to have home insurance. This is because the lender is investing heavily in your home. The lender doesn’t want a damaging event to happen to the house that causes damage you aren’t able to pay for. To protect its investment, every lender will require you to have this insurance policy.
Covenants and HOAs
If you move into an area with a homeowner’s association, or HOA, this organization will have a long list of rules you must follow. One of those will be to have and keep a home insurance policy. An HOA is concerned with the property values of everyone in the area, and this means ensuring and paying for repairs after a damaging event. Even if you don’t have an HOA, you will likely have covenants when you buy your home. These are often less restricting than the rules from an HOA, but they will also require that you have a home insurance policy. The idea is the same- to keep homes in the area from being in disrepair and bringing down property values around it.
Get Your Home Insurance Policy
We can help when you’re buying a home or switching home policies. Call us at Avail Insurance Solutions LLC to find out more about getting home insurance in California, Oregon, Nevada, or Arizona.