Home Insurance in Alabama
If you’ve ever had an accident at home, which is pretty common, you probably know that home insurance is a critical policy to have in Alabama. Generally, if you buy your home through a mortgage, your lender will require you to carry home insurance to protect the property. The policy helps protect your family and possessions against damage and theft.
The liability part also helps pay for damage or injuries to other parties. If you’re wondering whether you need this policy and the coverages to buy, the team at Larry Burkman, located in Huntsville, AL, is here to help you find a policy that matches your needs and budget.
Home Insurance Overview
Home insurance is a popular type of property insurance designed to protect you against financial losses in case of damage or loss, such as fire, theft or storm. This policy also covers liability instances, such as compensating people if you accidentally injure or damage their property.
Is Home Insurance Required in Alabama?
Home insurance is not required in Alabama. Only your mortgage lender will require you to carry home insurance. Home insurance is the smartest way to protect your long-term investment, even if you don’t have a mortgage. The policy acts as financial safety. If you have a claim, you don’t have to go back into your pockets to pay for the damage or loss.
What Does Home Insurance Cover?
Home insurance comes with many coverages designed to cover every aspect of your home. You can buy all the coverages or select a few based on your needs. The coverages include:
- Bodily injury and property damage liability
- The dwelling
- Other structures coverage
- Personal property coverage
- Loss of use coverage.
It’s worth noting that home insurance doesn’t cover the following:
- Wear and tear
- Damage due to negligence
- Power failure
Buy Home Insurance Today!
Home insurance is a critical policy to have in Huntsville, AL. If you need help through the buying process, please get in touch with us at Larry Burkman Agency; our agents will be happy to help.