News & Articles: Homeowner's Insurance
It is always necessary to have homeowners’ insurance, and it is important to review it yearly. Homeowners’ insurance protects your home and contents from risks such as theft, vandalism and fire. Replacement cost coverage is recommended, so that should a loss occur, you will be able to replace items that may have increased in value from the time they were initially purchased. These policies may also provide an amount to be used for living expenses, should your home become uninhabitable while damage is being repaired. Along with protection of structure and contents, owners homeowners policies can include liability insurance, offering some protection sue you for injury or damages. Remember, if your home is under-insured, your insurance company will not fully compensate you for a loss. Many homeowners also carry life insurance will pay off the mortgage in the event of death; and disability insurance, which will cover the mortgage payments if the owner is unable to continue working due to a disability. Finally, special insurance policies are available for condominium unit.
Contact Spagnuolo Professional Corporation at (905) 856-0034