3 Scenarios Where You’d Need Home Insurance in Amarillo, TX

Home insurance is mandatory in Amarillo, TX in order to get a mortgage. Even if you own your home outright, it’s still a smart idea to have home insurance. Why? At West Texas Insurance Agency, we’ve put together a short list to answer this question. Read on to learn about three scenarios where you’d need home insurance or be out of luck. 

1. Injury on Your Property

You have a holiday party and invite friends and family, who bring their own friends. One of those friends slips and falls on your bathroom floor and bonks their head on the sink, getting a minor head injury. They, in turn, decide to sue you. Home insurance will help cover the cost of litigation. Otherwise, you’re left paying lawyer fees and court fees out of pocket. 

2. Fire

No one ever expects their house to catch on fire, but it does happen. That’s why you should have a plan in place just in case a fire were to break out. Make sure all your family members have memorized the escape plan and practice it until you get it perfect. If your home were to catch on fire, you can have peace of mind knowing that an insurance claim will help recoup the financial loss and put you up in a hotel. 

3. Theft

You may do all you can to prevent theft of your home, but it can still happen. If your home is burglarized, you’ll need home insurance to help you recover your losses. Typically, there is a deductible for this type of coverage, but once the deductible is met, your policy reimburses you for the rest.

To learn more about purchasing a home insurance policy, contact the team at West Texas Insurance Agency, serving the Amarillo, TX area.