byAlma Abell

Homeowners insurance provides valuable protection in more than one way. First and foremost insurance is there to protect your investment. Should your home be damaged or destroyed by a fire or storm, your insurance will provide the money you need to rebuild or repair the damage. If you have someone break into your home and steal possessions or vandalize your property, your homeowner’s policy will also assist with replacing lost items and cleaning up the mess.

Another important protection offered by insurance is liability. This is the part of the policy which protects you if someone is hurt on your property. Should someone be injured by falling down, bitten by your pet or through some other incident, your liability insurance ensures that your property and income are not at risk from a lawsuit.

You are required to have a homeowner’s policy as part of the terms of a mortgage. Lenders need to protect their investment, so they require the borrower to keep their property insured. Many will insist the insurance be included in an escrow account so they can be certain the payments are made and the insurance is kept current.

When purchasing insurance your agent will make certain the policy will not just cover your personal property and what is owed on your loan, but enough to rebuild the same structure. This is important because should the worst happen and your policy only cover the loan, you would be the proud owner of an empty lot.

If you are looking for a competitively priced policy for Home Insurance in Lancaster, PA contact Susquehanna Insurance Management Ltd. They offer home and auto policies as well as life insurance and motorcycle, boat and RV insurance. They have policies which will cover all of your personal needs. Should you also own a business, they provide commercial policies too.

Home Insurance in Lancaster, PA does not have to be confusing or expensive. Most policies are exceptionally affordable and many insurance companies can offer you valuable tips for lowering your premiums. Homeowners insurance is too important to go without, even if you are not required to have it. Do not let what is probably your largest investment go unprotected, get insurance today.