Should You Get Home Insurance Even if You Aren’t Required to?

A common question that many new homeowners in Grand Ledge, MI have is if they should get home insurance even if it is not a requirement by the lender for a mortgage. It is not a requirement by the state which is what causes this issue. However, home insurance is a great thing to have according to Bye Financial Group, LLC. These are just a few reasons why you should always have it in place, even if you are not required to. 

  • It is your most significant investment – For most people, their home is the biggest investment they will ever make. They likely cost a lot of money that you had to work hard to get and invest in the home. The last thing you want is to lose it overnight and have nothing to show for all of the hard work and money you put into it. 
  • If it is lost, so is all of your investment – On the same note, if your home is lost because of an incident like a fire, all of your investment is, and you have nothing backing it up to rebuild. You will have to start back over at square one, and that could be devastating. 

With your home likely being your most significant investment, it is almost insanity to not have it covered by insurance. The last thing you want is to lose your home and everything you have put into it with no way of getting it back financially. If you are ready to get a home insurance policy, be sure to reach out to us here at Bye Financial Group, LLC, serving Grand Ledge, MI. We can help you find the right policy for your budget and your needs.