Mistakes are made to be corrected.
Some of them however may be impossible to correct or would take a long time to be corrected and usually after they have caused a lot of damages.
A mistake like this is not having a home insurance policy.
This could be a very costly mistake though we all pray against it.
It is however wiser to be covered.
Living in an area with no crime and disaster history could make you see home insurance as more of a liability since you may feel there may be no cause for you to make a claim because of a disaster.
The argument above is basically wrong.
First of all you can not tell when a disaster would happen and for the fact that no disaster had happened for maybe a decade or more does not mean it wouldn't happen.
Nature may not give you prior notice of a storm on its way so you can start planning for home insurance to protect you from paying fat repair bills.
When you find that there are houses that are worth over a million dollars, you would agree that most of our bank account can not carry such the burden of such a loss.
Many people who do not have home insurance cover for their homes would end up either making do with sub-standard houses, or taking a second loan that would lead them into more debt.
These could make them sell off their land and move to another location to start afresh.
You may not be interested in the options given above and would probably want to dig more into an already stressed budget after paying your first mortgage and you know that mortgages some do last to about 15 to 30 years so you should figure out what that would mean.
There are other things home insurance would do for you not just only covering you against disasters.
You might be out of cash and need to fix a roof that is damaged, you just call on your insurer and it is done but without a home policy that roof will wait till you have the cash to fix it.
You could get a good home insurance policy for about $2000 or less for a year other than sending from your pocket.
The major point is that a good home insurance would help out in the rainy days as life cannot guarantee comfort always.
So to prevent regret in the future, call on a good home insurance agent.
Some of them however may be impossible to correct or would take a long time to be corrected and usually after they have caused a lot of damages.
A mistake like this is not having a home insurance policy.
This could be a very costly mistake though we all pray against it.
It is however wiser to be covered.
Living in an area with no crime and disaster history could make you see home insurance as more of a liability since you may feel there may be no cause for you to make a claim because of a disaster.
The argument above is basically wrong.
First of all you can not tell when a disaster would happen and for the fact that no disaster had happened for maybe a decade or more does not mean it wouldn't happen.
Nature may not give you prior notice of a storm on its way so you can start planning for home insurance to protect you from paying fat repair bills.
When you find that there are houses that are worth over a million dollars, you would agree that most of our bank account can not carry such the burden of such a loss.
Many people who do not have home insurance cover for their homes would end up either making do with sub-standard houses, or taking a second loan that would lead them into more debt.
These could make them sell off their land and move to another location to start afresh.
You may not be interested in the options given above and would probably want to dig more into an already stressed budget after paying your first mortgage and you know that mortgages some do last to about 15 to 30 years so you should figure out what that would mean.
There are other things home insurance would do for you not just only covering you against disasters.
You might be out of cash and need to fix a roof that is damaged, you just call on your insurer and it is done but without a home policy that roof will wait till you have the cash to fix it.
You could get a good home insurance policy for about $2000 or less for a year other than sending from your pocket.
The major point is that a good home insurance would help out in the rainy days as life cannot guarantee comfort always.
So to prevent regret in the future, call on a good home insurance agent.
Source...