5 Reasons to Protect Your Assets with Chicago House Insurance by Illinois Insurance Center

Many people wonder whether or not home insurance is really worth it. As long as nothing catastrophic happens–and you may have the attitude of, “It can’t happen to me!”–there’s no reason to worry about insuring your home, right? The reality is, if you’re in Chicago, you need Chicago House Insurance by Illinois Insurance Center. Protect your assets! They’re worth it.

  • Theft happens. Chicago has a crime rate of 41 out of 1000 residents. The last thing you want is to see your possessions disappear with no means of replacing them. Chicago house insurance ensures that if you are the victim of theft, you’ll be able to replace the items that were taken from you in a timely manner.
  • Chicago house insurance protects you against liability. If someone is injured in your home or while on your property, you could be liable for their medical expenses and even for damages that occur as a result of that injury: lost time at work, pain and suffering, and more. Your homeowners insurance, however, protects you against those claims and means that if you do end up in this position, those claims won’t be coming out of your pocket.
  • Homeowners insurance protects against natural disasters. Earthquakes, hurricanes, floods, and tornadoes can all cause significant damage to your residence. Unfortunately, many families simply don’t have the funds to make needed repairs following a natural disaster–not to mention the fact that they also need to replace items in their homes that were damaged as a result of the disaster. Make sure that your home and possessions can be replaced in the event of a natural disaster by checking your Chicago house insurance policy to make sure that it covers common natural disasters. If it doesn’t, add a rider that will take care of those possibilities.
  • Keep your lender happy. If you have a mortgage, chances are, your lender will require you to have a house insurance policy. This policy lets your lender know that if a disaster does occur to your property, you aren’t going to simply pack up and walk away from your home and stop making payments on your loan. The insurance policy may be required as part of your contract with your lender, and it may cover specific types or amounts of coverage you must have. Make sure you understand the details of the contract you’ve signed so you can choose an insurance policy that will meet all of your needs.
  • Provide for your family in the event of an emergency. Depending on the damage that’s been done to your home by fire, natural disaster, or other circumstances, you may need to temporarily vacate the premises until repairs can be made. Where will you go? Depending on your policy, it may offer a provision for paying for alternative lodging until you’re ready to return to your home. Take a look at the deductibles and limits on your house insurance policy so that you fully understand what options you have if a disaster does force you out of your home.

Emergencies involving your home are frightening for a number of reasons. A quality Chicago House Insurance policy from Illinois Insurance Center will help reduce a great deal of your stress and provide for your family financially in the event of a disaster. From fires and thefts to natural disasters that cause your home to be damaged, you need to know that you have the funds to repair your home and take care of necessary expenses like temporary lodging. Thankfully, Illinois Insurance Center has you covered! Contact us today to learn how we can keep you compliant with your mortgage lender and provide you peace of mind in the event of any disaster involving your home.