Home Insurance

Home insurance is not required in the state of Delaware. However, most mortgage lenders require it anyway, so you will have to get approved for a loan. It is essential to carry home insurance because it protects a property, its homeowner, and its personal belongings. If you are currently searching for home insurance, here are the main things you should know about it:

What Should You Know About Home Insurance?

• Standard home insurance usually covers certain things. They include the property itself, personal liability, other structures on the property, and additional living expenses (in case you have to live somewhere else temporarily because your home is not livable)
• Home insurance has limitations, and there are certain things that it does not cover. Before purchasing a home insurance plan, you should know what is covered by home insurance and what is not. Usually, it does not cover damage caused by floods or earthquakes. If you want to protect your home against these natural disasters, you should purchase separate insurance.
• Some factors determine the cost of insurance. They include the age of a home, claims history, exact location, deductible amount, and some others.
• Most mortgage lenders require home insurance. As mentioned above, home insurance is not required in Delaware by law, but most mortgage lenders will not approve you for a loan until you get home insurance covering 100% of your home's replacement cost.

The Charles Connolly Agency - Your Reliable Insurance Company in Delaware

Home insurance is critical, and if you own a property, you should purchase home insurance that will cover and protect your home, you, and your personal belongings. Do not hesitate to contact The Charles Connolly Agency serving clients in Delaware if you have any questions or want to know more about the insurance plans available.