Once will come across purchasing home insurance when making a closing on a new home. During the closing process, you will be asked to provide home insurance coverage. Home Insurance as it sounds covers damage to your home’s structure and contents from perils caused by fire, vandalism, theft, storms, hail and other disasters.

Mortgage lenders will have a requirement to have a coverage on the home to approve the home loan. They want to ensure and protect their investment in case there is property damage. If there is property damage, the mortgage lenders will lose property value, therefore, requesting homeowners to have home insurance.

The home insurance will also provide liability coverage for the property. This part basically protects you if someone is injured on your property. This helps the homeowners cover the medical expenses, legal fees and settlement for the person injured.

Homeowners insurance also provides coverage for personal belongings in the home such as furniture, electronics, clothing, arts, and other valuables. This is the personal property coverage in home insurance.

Homeowners will also have option for natural disaster coverage such as earthquakes, floods, hurricanes, or sewage back up or basement flood protection. But these will be separate endorsements that the homeowners will have to purchase.

At Karstens Financial, we help you determine and review all the different options a homeowner has when covering their property. For a detailed and comprehensive review, please contact Karstens Financial at 855-657-8400 or check out our website at www.karstensfinancial.com for more information and a home insurance quote.