When you borrow money to buy a home in Evansville, IN, the mortgage holder requires you to maintain home insurance. Do you still need it now that you’ve paid off your mortgage?

While home insurance is not required by law in Indiana, we at Trestle Insurance Agency Inc. believe there are good reasons to keep your home insurance.

Benefits of Home Insurance

Home Insurance and Homeowners Associations

If you live in a community with a homeowners association (HOA), you may be required to have home insurance even if you’ve paid off your mortgage. The HOA may require insurance coverage to protect against common area losses, liability claims, and other issues. It’s important to check with your HOA to determine what insurance requirements are in place.

Protection of Your Investment

A home is a big investment, and it’s one that you want to protect for the long haul. While home insurance may seem like an unnecessary expense once you own your home outright, it’s still essential if you want to ensure that your investment is protected. Home insurance can help you repair or rebuild your home if it’s damaged by a covered peril such as fire, hail, or windstorm. Without insurance, you would have to pay for these repairs out of your pocket, which could be financially devastating.

Peace of Mind

Finally, home insurance provides peace of mind in Evansville, IN. With insurance coverage, you don’t have to worry about what will happen if disaster strikes. You know you’re protected and can rest easy knowing you have the financial resources to repair or rebuild your home if necessary. For many homeowners, this peace of mind is priceless.

We Are Here To Help!

Contact Trestle Insurance Agency Inc. today to learn more about home insurance options and how we can help you protect your home and your family.