“It is a privilege to wake up in this house that existed before us, and will exist after us.”-Tim Cuppett (homeowner)
Without a doubt, our homes are bastions against outward elements—a place we can call our sanctuary, if you may. It is universally considered as a protective shelter and more often than not, it is symbolic of all the years of hard work we have done in order to erect such a place. Moreover, it also happens to be one of the most significant investments we would probably make in our lives. In this regard, it would only make sense to protect it adequately and ensure that should anything untoward occur, you and your family would not be left without a roof over your head. And the best way to sufficiently protect your homes is to have it insured with homeowner’s insurance.
Yes, you might have thought that this is another recurring expense on top of the exorbitant amount you have already paid for the home itself. But the truth of the matter is, if you cannot afford home insurance then you cannot afford a home. You could never tell what might happen, and if a fire razes your homes, you would be left without a shelter and without your belongings which are a scenario rendering you close to destitute. Your home is precious, and for that reason alone you should protect it. Any damage done could leave lasting financial and emotional consequences—let home insurance mitigate it. In any case, if you have been hoping to buy a condo in Avida Towers Centera or elsewhere, it is best to review the reasons why you should insure your home:
1.) Natural disasters are a dangerous reality
Just four years ago, Typhoon Haiyan devastated the Philippines, particularly in the Visayas area. The aftermath of the hurricane left many Filipinos homeless, and as such, most of them were not able to rebuild their homes until much later. We would never know when a natural disaster could occur—whether that may be an earthquake, fire, typhoon or anything similar. Should this be the case, we should ensure that our homes are protected so as not to leave ourselves and our families homeless.
2.) Man-made risks can cause a lot of damage
Much like natural disasters, manmade risks are fortuitous events. Although you may have armed your homes to the teeth with security cameras, surveillance systems and the like, manmade risks such as thefts, terrorism, riots, arson, etc. still pose a threat to the security and protection of your home. Home insurance, albeit only some of them, provides you with the assurance that reparation would be provided should any of manmade untoward events occur. However, should your insurer not provide this benefit, you can always add an additional fee for this benefit.
3.) Everything has value
Depending on your insurer, home insurance usually provides coverage for two things: the construction of the home itself and the contents within. Unfortunately, some items might not fall into the category of essential items that would need to be insured. Many of us would have items that have sentimental value, jewelry or maybe even some art installations and paintings that might have had cost us a fortune. To ensure you have everything you wish covered, read your policy and coverage and opt for a rider or two.
4.) It gives you peace of mind
Last, but certainly not the least having insurance gives you peace of mind. In this regard, you would be able to sleep well at night knowing that should any unforeseen circumstance occur that might cause you to lose your home, you and your family will be able to ride the tide with insurance. Remember, peace of mind is priceless, and so is your home. You should regard it as more than a structure of four walls and selected paint—it is a sanctuary that cultivates relationships and offers its inhabitants utmost protection.