Our helpful team members are available to answer questions about home insurance.
When you invest in a home, you might feel a lot of excitement and anticipation for the future. Owning a home provides you with a valuable asset that also protects you and your family. But this investment is a significant one, and it’s important to make sure you protect yourself with the right home insurance policy. Home insurance, also known as homeowners insurance, helps to protect the investment you made into your house. If something happens to your home, such as a fire or flood, having insurance to cover the cost of repairs or replacement is a must. Home insurance may also protect against theft, vandalism, and other problems that can impact the security of the space.
If you have a mortgage on your home, the lender will likely require you to have home insurance on the property. You typically need to provide proof of insurance before the lender will fund the purchase of the house. The reason for this requirement is to protect the lender’s financial investment into your home. A mortgage loan relies on collateral, which is the physical property. If the home is severely damaged or destroyed, that collateral essentially doesn’t exist anymore, which puts the lender at risk.
The Catawba River Insurance Group offers home insurance to clients located in and near Hickory, North Carolina. We can help every property owner determine what type of coverage is right for their needs and get them set up on a plan that works for their situation. Our helpful team members are also available to answer questions about home insurance.
Home Insurance in Blowing Rock, NC