Benefits of Having Homeowners Insurance

Most people know that homeowners’ insurance is a stipulation of their home loan, but there are also some pretty great benefits of having it. It’s a good idea to have it even if you don’t have a loan or if you have your home paid off. If you want to know some of the benefits of homeowners insurance silverdale wa, then keep reading!

Coverage of Other Structures

For starters, you’ll have coverage of any other structures on your property. This includes things like garages and sheds. You never know what could happen to these structures and having this insurance can help if anything happens to them, such as them being vandalized, catching fire or being damaged from weather. These can be costly to replace, so it’s good to have insurance that can help take away some of that burden.

Lawsuit Protection

If someone gets hurt on your property, there’s a chance that they could sue you. This could be anything from them falling to being bit by one of your pets. Having homeowners’ insurance will pay for you to be represented in court and make it so you don’t have to pay as much. In addition, some policies will even pay the victim’s hospital bills.


Having homeowners’ insurance can help give you protection against anything that can result in a big financial loss. There are all types of situations that this can cover. You’ll have to read your policy to see what is and isn’t covered, but companies usually have similar overages. Some of these are: fire damage, damage from natural disaster and damage from a break in. Some things that might not be covered are circumstances that aren’t considered normal. Insurance companies might have policies about these things, so make sure you ask!


Another thing homeowners insurance can do is protect you if a theft happens. It doesn’t matter whether you’re at home or not when this happens. Often times, there are damages that occur when this happens. It could be anything from a broken window or broken door. In addition, some policies will cover any of the items that are stolen, which means they can help you replace them. Exactly what the policy covers will differ from company to company, so make sure you know beforehand.

Overall Peace of Mind

Having homeowner’s insurance can give you an overall peace of mind. You’ll be confident that you’re covered if anything were to happen. You don’t have to be worried about the possible burdens that could come up and you won’t be on your own. Your insurance company is there to help you and help get you through these situations. It’s much better to have insurance and not need it than really need it and not have it!

As you can see, it’s a pretty good idea to have this type of insurance. There are many different companies, so make sure you shop around and find the one that meets your needs the best.