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The biggest asset for most people is their home. Lose that, and you will likely lose a big part, if not most, of your net worth. Even if you donÔŅĹt own, but rent, you can still easily lose all your belongings in a sudden fire. ThatÔŅĹs where homeowners and renters insurance comes into play.

Homeowners insurance will protect your property whether itÔŅĹs a ranch in the country or a condo in the city. Homeowners insurance will not only cover a home structure, it will cover the contents as well. Of course, all of this depends on how much coverage you purchase and whether you have any add-ons, known as endorsements, attached to your policy.

Homeowners insurance also covers you for liability should someone be injured on your property. It will also cover damage to some of your possessions that are not located at your home. This includes damaged luggage on a trip or property stolen from your car.

One thing homeowners insurance doesnÔŅĹt cover is damage from floods. So if you have a home in a low-lying area that may be vulnerable to rising water, contact our officece SM agent about purchasing flood insurance.

The most important thing about homeowners insurance is to have adequate coverage. If you do not purchase enough insurance, your home may not be tot all y covered. For that reason, you may want to look into a policy that increases your coverage limits at the rate of inflation.

Of course if youÔŅĹre a renter, you will want insurance to cover the value of your possessions. (The landlordÔŅĹs insurance only covers the structureÔŅĹ not your contents.) You'll also need renters insurance for liability coverage in case someone is injured in the apartment or house you rent.

Because everyoneÔŅĹs needs are not the same, it is best to consult a Trusted Choice SM insurance agent to help assess your needs and find the insurance policy that is right for you.