Buying a home is an exciting and responsible step in one’s life. Whether it’s your first home or one of many homes, owning a property is a person’s greatest asset. When you buy a home, you put your life savings toward a down payment or purchase of the entire property. The most important step after buying a home is to fully protect it through homeowners insurance. There are many forms of California home insurance, from owning to renting to a renter, but the most important step is to have your property covered and protected against any loss.

Homeowners insurance is not only coverage for the structure, but there are many coverages that are necessary for a home. For example, in the event of a wildfire, if your house burns down, you will not only lose the structure, but also your personal property, time off from work, stress, and money. Why would you buy a house if you are not going to protect it and have peace of mind if something happens to your property? The importance of having insurance coverage on your property is certainly mandatory. Homeowners insurance consists of many important and often overlooked coverages. Homeowners insurance includes coverage for structure, personal property, loss of use, other structures, personal liability, animal liability, and medical payments.

Under homeowners insurance, you can list your valuable items and have a specified cash value in case of loss. It’s a very calm feeling when you know that the items you treasure are protected and can be financially replaced in the event of loss. Whether the damage is small, like a little wind leak, or big damage, like a roof falling apart, your mind can be at ease when you know you’re covered.

When purchasing a California homeowners insurance policy, be sure to review your coverage every year. As the economy changes, so does the market value. Home prices appreciate and depreciate, so be sure to stay on top of your coverage to get the best coverage and price for your home’s market value in the event of a loss.

In the end, in addition to all of your coverages, you can purchase an umbrella policy to not only cover your home, but also all of your boats, automobiles, home-based businesses, and personal liability. Just remember that flood and earthquake coverage is not included in homeowners insurance. These coverages must be purchased separately.