Maybe we are a bit biased here at Knippenberg Insurance Inc., but there are not many areas in the US you can call home as beautiful as Maryland. When owning a home in this state, you will continuously experience beautiful towns and amazing scenic views throughout.
But before thinking of building a home here in Cumberland, MD, you must think about home insurance. Your home is one of the biggest investments you will ever make in your life, and as such, you need to know everything at your disposal to protect it.
Is home insurance mandatory in Maryland?
While Maryland doesn’t require you to carry home insurance, your lender expects you to purchase home insurance as long as the mortgage liability is outstanding. But whether it’s a mandatory requirement or not, getting home insurance shouldn’t be shoved aside when making your investment plans.
Why you need home insurance
Whether it’s a new or old home in Maryland, you need to carry home insurance for the below reasons:
- To protect your asset: In the world that we live in, risks are never far from us. And for your home, risks like fire, lightning, theft, hail, windstorms, and other natural disasters can wreak havoc on your invaluable investment. However, when you obtain home insurance, you can be at ease because your insurance pays for repairs if your home is damaged.
- To cover yourself against liabilities: Somebody might slip and sustain injuries on your premises. Or you can reverse your car into your neighbor’s wall. Either way, liability insurance should pay for third-party losses when you are at fault.
Marylanders, there you have it. If you have been in doubt whether you should purchase home insurance, now you have every reason to get one ASAP. At Knippenberg Insurance Inc., located in Cumberland, MD, we shall be waiting for your call as we look to partner with you for all your home insurance solutions.
