Buying homeowners insurance isn’t just important because mortgage lenders require it. Property owners spend hundreds of thousands of dollars purchasing their homes and furnishing them. As a result, it’s crucial to get sufficient protection for this valuable asset and for the contents of it.
The right homeowners insurance coverage can ensure that if a property is damaged or destroyed, the property owner doesn’t sustain substantial financial harm that could ruin their net worth. But buying the right coverage involves avoiding four huge mistakes.