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Living Without Home Insurance: What Does It Mean?


Your next door neighbor told you she doesn’t have insurance. She said she didn’t buy one because she thought it was a waste of resources. It was only when the gas leak in her house started a huge fire that burned down the house. She was left with nothing. Her pockets were also empty. She didn’t know how to begin rebuilding the home she has lost.

This is a scenario that you wouldn’t wish on anyone. You pray hard that it won’t happen to you too because if it did, you don’t know how to pick yourself up and get it all together. Indeed, life without home insurance coverage can mean two things for different people. It really depends on how you want to look at the situation.

Homeowners who don’t pay monthly insurance mortgage feel like they have more than enough money to spend. And so they feel more financially independent every month that they get to go on a shopping spree at any given time of the day. Not paying monthly for home insurance can spell out a huge financial difference between those who pay for their home security today and those who do not.

While there are also home insurance policyholders who may need to work extra hard to be able to cover the monthly amortization of their house alongside the home insurance that it requires. The burden can be tough to handle for it means less money for buying the things that are truly unnecessary. However, these homeowners can sleep well at night or leave their house locked in the morning while they are at work knowing that they will get help in rebuilding or replacing the items they might lose in case something happens to their home.

No fire, theft or any natural disaster could take them down because their comprehensive home insurance policy will take care of everything. Apart from giving them the money they need to rebuild their house in case the fire takes it down, they will also receive money to help them get through while the construction is on-going.

What does it mean to live a life without home insurance? It may mean not spending an extra month to cover the monthly premium, but it could also mean going to bed at night wondering how life would be like if your home falls victim to burglary, fire or a huge storm. Not having home insurance means not having peace of mind. It means always being on the lookout for all types of disasters that could strike on your home.

#HomeInsurance #HomeInsuranceBroker

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