Homeowners Insurance

Your home provides security, safety and stability in your life, and it also represents a significant financial investment. Given this importance, securing your home financially should be a top priority. The agents at Cole Hixon Insurance are well-equipped to help you protect your property with the right homeowners insurance. 

What Is Homeowners Insurance? 
Homeowners insurance is a type of coverage designed to safeguard homeowners against financial loss and liability related to their property. These policies are agreements between you and your insurer that may provide critical financial assistance following many common incidents affecting your home, including fires, lightning and criminal activity.  

What Does Homeowners Insurance Cover? 
Homeowners insurance typically covers four primary areas: property damage, personal belongings, liability protection and additional living expenses. 

• Property damage coverage may protect your home’s structure and any attached or detached structures, such as garages or sheds. 
• Personal belongings coverage may safeguard your possessions, such as furniture, electronics, clothing and appliances.
• Liability protection may shield you from legal and financial consequences if someone gets injured on your property or if you accidentally cause damage to someone else’s property.
• Additional living expenses coverage may assist you if your home becomes uninhabitable due to a covered event and may help pay for temporary living costs, such as hotel bills and restaurant meals. 

Depending on where you live, you may consider adding additional coverages to your homeowners policy that can help provide additional protection, such as flood and windstorm insurance. 

Is Homeowners Insurance Required? 
While homeowners insurance is not legally mandated in most states, it is often required by mortgage lenders. When you finance your home, the lender wants to protect their investment, making it a standard requirement. Even if you own your home outright, it is still highly advisable to have homeowners insurance to shield yourself from substantial financial losses. 

Additionally, homeowners associations (HOAs) may mandate homeowners insurance for members. These associations often have specific requirements to protect the community as a whole. It’s essential to review your HOA’s guidelines to ensure compliance. 

We’re Here to Help 
Contact Cole Hixon Insurance today to learn more about the right homeowners insurance. Our agents have extensive experience helping individuals and families in Athens and Watkinsville assess and address their coverage needs.