If you’re buying your Cincinnati, OH home through a mortgage, you’ll find that insurance is required by the lender. Until it’s paid off, it’s their house, too, so they want to protect their investment.
But suppose you’ve simply been gifted a house, or you inherited it, or you had a nice windfall and you bought it in a single payment. Do you have to get insurance on it?
Legally speaking, no. But it’s not a very good idea to go without protection.
As a homeowner, you will find that there is quite a bit that can go wrong. From storms and fires to random accidents, vandalism, and burglary, your home is the foundation of your whole life, and it is simply a terrible idea not to protect it. So while you are not legally required to carry insurance, you’ll have a hard time finding a homeowner who recommends going without it.
The biggest concern would be a liability. If someone slips on your walkway or your dog bite them, the damages could easily exceed six, seven figures. You might be willing to replace a stolen TV out of pocket, but most of us don’t have a few hundred grand just lying around in case someone is injured on our property.
Fortunately, home insurance in Cincinnati, OH isn’t as expensive as you might think. If you want to get a good deal on a great policy, or if you have any questions you’d like answered, get in touch with Advantage Insurance Network and see what they can do for you.
There’s a lot that can go wrong for a homeowner, so it’s good to know that Advantage Insurance Network has your back.