Buying a home is an exciting time. Whether you are relocating to a new house, or you’re making your first purchase, your home is perhaps the most important investment that you’ll make in your lifetime.
Not only is your home the place where you lay your head, but it’s the place where countless memories are made, and it’s crucial that you protect your investment with ample homeowners insurance coverage.
You may be wondering; can I own my own home without homeowners insurance? Well, the answer is more complicated than a simple yes or no.
- When the Answer is NO
The state of Ohio requires homeowners to procure home insurance coverage for the duration of their mortgage to satisfy lenders and the state. So, if you have procured a loan to purchase your home, then no you can’t own a home without homeowners insurance coverage.
- When the Answer is YES
If you have paid off your mortgage, purchased your home in cash, or have taken out a personal loan, then yes, you can own a home without homeowners insurance coverage.
While certain scenarios do not require you to protect your home with homeowners insurance coverage, we recommend at least a basic policy to secure your investment. You never know when a natural disaster will strike, a thief will rob your house, or when a pipe will burst and cause flooding.
If you are serious about keeping you and your loved ones safe, then you need homeowners insurance protection, and we can help!
At Beck Insurance Agency we serve Sylvania, OH, Swanton, OH, Montpelier, OH, Bryan, OH, Toledo, Waterville, OH, and the surrounding areas with a range of homeowners insurance options. Using our strong relationships with the most respected insurance carriers in the nation, it’s our goal to serve you with quality homeowners insurance solutions that keep you, your family, and your dwelling safe.
With nearly 75 years of experience serving our community, we pride ourselves on being able to offer you comprehensive coverage at reasonable rates. Contact us today by calling 877-446-2325!
