Home Insurance in Indiana
Your home is a huge asset. Most people have hundreds of thousands of dollars invested in their home, therefore, it is important that the home is protected in case something happens to the home or to someone on your property.
In the State of Indiana, you are required to have homeowners insurance if you are currently paying a mortgage. Most lenders in Indiana require that you not only have insurance, but you also must list them on the policy as an additional insured under the policy.
What Policies are Available
In the State of Indiana, there are a variety of types of homeowners insurance available. The type of policy that you should choose would depend on the type of house that you are buying. For example, houses, apartments, condominiums, and mobile homes all require different types of insurance policies.
Another factor would be the amount of money that you have to spend on your policy. The third factor is how much coverage you believe that you would need in your situation. If you are unsure what type of insurance you would need or how much coverage would be best for you, our Mishawaka, IN home insurance agents can sit down with you and help you to choose a policy that will work best for you.
Do I Need Homeowners Insurance If I Don't Have a Mortgage?
If you paid for your home in cash, or if you have paid off your mortgage, you are not required to have homeowners insurance under Indiana state law. However, without insurance, you could lose everything that you have put into your home if the home is destroyed in a fire, during a hurricane or tornado, or any other accident. You do not want to be caught without the level of homeowners insurance that you need. The best thing that you can do to protect your home is to get a quote from Dennis Insurance Agency, an independent insurance agent.