If you own a home, you know how much money, time, and effort went into the ownership. Protecting that investment against costs related to damage and other perils is critical for long-term peace of mind. Texas County Mutual Insurance in Licking, MO, not only provides customized and affordable home insurance, but the local agency specializes in educating clients about the benefits of having a comprehensive policy in place.

Understanding why one needs home insurance starts with knowing what the term means. The policy is an agreement between a homeowner and an insurance company to provide financial coverage for a wide range of scenarios that can cause damage to the property. With most plans, policy holders agree to pay a deductible, which is an out-of-pocket cost before the insurance provider picks up the rest of the tab. Typically, the higher the deductible, the less money the policy holder will have to initially pay for damages.

A home insurance policy covers a multitude of liabilities, including fire, storm damage, natural disasters, theft, and vandalism. Some plans also provide liabilities stemming from injuries sustained by you, family members, and guests while on your property. The policy can include payment for medical expenses, legal fees, and even wage loss as a result of the injury.

In addition to property, home insurance can also cover items inside the dwelling. From computers and electronics to furniture and appliances, a policy can pay for repair or replacement costs if they are damaged in some way. Likewise, structures such as garages and sheds and their contents are also protected.

The main advantage of securing home insurance is that the policy holder is protected from paying enormous amounts of money for property damage. Depending on the level of damage, the costs can be exorbitant. Another reason why a policy is needed is most lenders actually require homeowners to have it. Technically, the bank or credit union lender is still the owner of the property until the mortgage is paid off in full. For this reason, they want to see home insurance in place in case it’s needed to cover unforeseen calamities.

Whether you need mobile home insurance or farm insurance, Texas County Mutual Insurance is your trusted source for comprehensive coverage of your property. For free insurance quotes, call (573) 674-3125 to speak to a friendly and professional agent. Check out their website for more information on policies to protect you and your loved ones.