A home is one of the most valuable assets one could ever have. An event wherein it will be damaged or destroyed can be detrimental to you and your family. These events may be unlikely, but it is also completely possible. We tend to underestimate the likelihood of us experiencing adverse events, which is also called unrealistic optimism (Weinstein, 1980). However, this should not hinder you from investing in you and your family’s well being.
If proven that you are negligent, you will be liable if a guest gets injured on your property. Your insurance will then pay for it if this is a valid claim. However, without insurance, you will have to pay with your own money. This may not seem like a big deal if it’s just a small injury like a broken arm. Serious injuries, on the other hand, will be much more expensive and can potentially put you in an unfit situation.
Temporary Living Expenses
Let’s say something happened to your home that made it uninhabitable all of a sudden. Your insurance will then cover the rent for your temporary home. Suffering from this without insurance can be costly, especially if you will be renting for a while. This will be a huge help considering that you might have to spend money fixing what forced you out of your house.
If these three reasons are not enough to convince you, other information about this topic is accessible elsewhere. However, if you choose not to get insured you should do it with caution. Placing your assets at risk can have lifelong consequences for you and your family. In the end, your family’s well being is worth way more than the money your paying for insurance regularly.
At Cornerstone Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (770) 413-0807 or Click Here to request a free quote.