Buying a home is quite a journey. It’s one of the significant financial commitments you will ever face. In light of this, it’s vital to protect your hard-earned investment with commercial insurance. While most homeowners understand the importance of home insurance, many don’t know how home insurance covers them. If you buy home insurance from STARS Insurance for your Buffalo Grove, IL home, here is how the insurance protects you.
Suppose your dog bites someone? Or perhaps, you throw a party, and an intoxicated guest slips and injures their leg? In both cases, you could face possible medical costs and lawsuit charges. Thankfully, you don’t have to pay bodily injury costs sustained to others from your pocket if you have home insurance. Besides bodily injury coverage, home insurance covers property damage you cause to other people.
How much has it cost you to put up your home? It must be thousands of dollars. Given that you have put your sweat, blood, and soul into bringing your dream home to fruition, you need home insurance to protect your asset from unforeseen circumstances. When disaster strikes, home insurance pays for repairing or rebuilding your home up to your policy limit.
Additional living expenses coverage
Suppose a covered peril like fire or windstorm damages your home. You may need to seek temporal shelter, incurring expenses like travel and hotel food and accommodation. Thankfully, if you have ALE coverage, your insurer pays for living expenses exceeding your everyday living expenses.
If a guest is injured in your home, the medical coverage in your home insurance covers their medical costs.
Buy home insurance today!
As you can see, home insurance protects you in more than one way. To that end, if you are looking for home insurance in Buffalo Grove, IL, contact STARS Insurance for a comprehensive quote.