Before you start shopping around for homeowner’s insurance in Palatka or the surrounding areas, you should know a little bit about the type of insurance you are looking for and what you may or may not need. Here are a few key points to keep in mind:
- Unlike owning and operating a motor vehicle, you can legally own a home and live in it without carrying homeowner’s insurance. However, if you have an active mortgage on the home, your lender will likely require insurance coverage to protect against losses and damages while you are still making payments on the home’s loan.
- If your home is in an area that is prone to natural disasters such as hurricanes, floods, or earthquakes, you will likely be required to carry additional insurance against damages caused by those types of events.
- You are legally free to drop your insurance once your mortgage is paid off, but it is highly recommended that you keep coverage to protect your home and possessions.
- If you own a townhouse or condo or have a home under the rule of a Homeowner’s Association, you may need a particular level of insurance coverage for your home. Some groups will offer special coverage with an insurance provider for residents under their ruling.
- You also have options for additional insurance coverages such as accident liability and personal injury coverage. You can cover medical expenses and damage to someone else’s property due to an accident. If any accident occurs on your property and you have additional coverage, you are protected from being sued for those damages as well.
When you need help finding the right homeowner’s insurance in Palatka or the surrounding areas, these points can help you make an informed and find the best insurance policy that fits your needs. To get started, contact St. Johns Farm Bureau Insurance and see first-hand the difference they can make for you!
