I Don’t Have a Mortgage: Do I Need Home Insurance in Florida?

You might not think you need home insurance if your home is fully paid off, but there are several compelling reasons to reconsider. Here are four benefits of carrying home insurance in Florida – even if you don’t have a mortgage payment hanging over your head.

1. To Protect Your Investment

Your home is likely the most expensive thing you’ve ever purchased. Protecting your investment with home insurance still makes sense even if you paid cash and don’t have a mortgage.

2. It Can Help Pay for Major Repairs

Even if your home is in excellent condition, accidents can require significant repairs – like a broken water pipe or a fallen tree. Home insurance can help cover the costs of these repairs, so you don’t have to pay out of pocket.

3. Personal Property Coverage

Your home insurance policy doesn’t just cover the physical structure of your home but also the contents inside. So if your belongings are damaged or stolen, your home insurance can help you replace them. An insurance agent from All Counties Insurance Agency & Traffic School can help you determine the right level of coverage for your needs.

4. Liability Coverage

Home insurance also provides liability coverage, which can protect you if there’s an accident with injuries on your property. This is important even if you don’t have a mortgage, as they could hold you 100% liable for the other person’s medical bills.

If you’re still unsure whether you need home insurance in Palm Coast, FL, contact All Counties Insurance Agency & Traffic School. We can help you understand your coverage options and ensure you have the protection you need.