Owning a home is a coveted first step in life for many Californians. From Northern California to San Francisco to Los Angeles to San Diego, everyone wants a safe place to feel at home. But to be a responsible homeowner, you need proper homeowner insurance.
Home insurance can protect you in the event that something unforeseen happens to your home or property. Your home insurance provides coverage for your home, property, and other structures on your property. In case of sudden accidental damage, you can file a claim with your insurance company. You can receive payment for damages, less your home insurance deductible, up to the limits of your policy.
California State Requirements
Unlike auto insurance, home contents insurance is not required by law. However, when it comes to taking out a mortgage, the mortgage lender has a vested interest. They are usually required to have home insurance. Even after paying off your mortgage, your home is arguably one of your most valuable assets and you’ll want to protect it. Homeowners insurance not only protects your home and belongings, but it can also protect you if someone sues you for accidental damage, so you need to have it. You might think that.