In the state of Louisiana, it is not required by law that homeowners obtain an insurance policy to cover their property but it is recommended. If you still owe money on your home that you borrowed from a mortgage company, bank, or other lenders, more than likely your lender will require you to have a homeowners insurance policy to protect their investment in case the home is destroyed by a fire, hurricane, tornado, or other natural disasters.
Depending on the type of policy and the amount of coverage you want for your home, there are several options. One of the basic homeowner’s insurance coverages is dwelling protection which means that the structure of your home, which includes the house’s foundation and walls, is protected by insurance. This may also include outbuildings and other structures, such as a garage or even a deck, toolshed, and barns.
Personal property protection is also an option and will cover your personal belongings if you are the victim of a fire or other disaster. You can even obtain extended coverage that will cover items such as jewelry, watches, and rare paintings in addition to your clothing and household goods.
You should also have liability protection which means if someone who does not live with you is injured while visiting you on your property, their medical bills will be covered if you are found to be at fault for their injuries.
The amount of coverage you obtain and the number of deductibles involved will be ultimately left up to you but it helps to enlist the assistance of an experienced home insurance agent. Your agent will help create a policy that will provide you with the peace of mind and comfort in knowing that one of the largest investments you will make in your lifetime is protected.
The insurance agents at Cordell Insurance in Baton Rouge, LA has the knowledge and experience to assist you with all of your home insurance needs. Call for an appointment today!