By Chris Miller

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Protecting your home and loved ones is crucial. Being a single dad with a six year old daughter, I realize that even at a young age our home brings us such a strong feeling of security.  The other day I was playing with my daughter and her doll house and she mentioned that she wanted to leave her dolls in the doll house instead of taking them to bed which she normally does.  I asked her why, and she said “they feel safer in their own home”.  I thought, Wow, this six year old girl realizes at such a young age the importance of our most valued asset.  This is why homeowners insurance is so important.  It provides us with the same sense of security that my daughter was going to provide to her dolls. We consider our homes our castles. We want to be able to go to asleep at night knowing that our families are secure and protected.

When you're shopping for homeowners insurance, some questions may come up. Is home insurance really necessary? What is the value of home insurance? Does it really pay off later to insure my home now? You've probably asked at least one of these questions at some point in your life as a homeowner. But the truth is, insuring your biggest investment is important. Here are some of the key reasons to help you understand why homeowners insurance is so critical.

Your lender requires it. Before funding your mortgage or refinance, a lender will ask that you provide proof that your home is adequately insured. Why? Because they want to make sure their financial stakes are protected. In most cases, if you don't secure a home insurance policy within a given time-frame, your lender will either cancel the deal or purchase insurance for you and add the premium to your monthly payment. In the interest of ensuring you have a homeowner's policy that meets you specific needs, as well as your budgetary concerns, it's best to secure an insurance policy on your own rather than leaving it to your lender.

Your home is your biggest investment. Unlike cars, which depreciate the minute you drive them off the lot, houses typically increase in value over time. Sure, the market ebbs and flows, and during times of recession it can seem as though house prices will never bounce back.  From a long-term perspective, owning a home is a financial investment that can ensure your security in years to come. Having an insurance policy in place to protect that investment should be at the top of your list of priorities.

An active home insurance policy brings peace of mind. Can you really put a price tag on peace of mind? Having a home insurance policy won't prevent random acts of nature, but it does put a safety net between you and catastrophe. As long as you have that in place, you can rest assured that you'll be better equipped to weather a storm or crisis.

Home insurance often pays for damage, theft or destruction of your belongings. Yet another perk of having homeowners insurance is the ability to recoup damages if your home is broken into and your possessions stolen. Likewise, in the event of a fire or other catastrophe, your homeowner's policy will help pay to replace or repair your expensive belongings.

When purchasing a home be sure to talk to your insurance agent to make sure you are purchasing a policy that fits your needs.  If you already own a home you need to periodically speak with your insurance agent to discuss your current situation.  You might be over insured and paying too much for insurance you don’t need or there may be gaps in your insurance that need to be addressed.

Chris Miller Lic# OK39995  Rielli Insurance and Financial Services,LLC Nationwide Insurance

916-234-1490     millc12@nationwide.com

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