If you’re buying a home with cash, you may be faced with a decision about whether to get home insurance. Knowing the benefits of home insurance can help you decide whether to get this type of insurance. The professionals at Keltner Insurance Inc., serving the Memphis, TN area, can help you decide if home insurance is right for you.

Our insurance professionals can answer your questions and give you the information you need to choose the right policy for you. We work with many insurance carriers and can help you shop around to find the right policy for your needs. 

Are You Required To Get Home Insurance if You’re Paying in Cash?

People who pay for a home with a home loan are usually required to get home insurance before they can borrow the money to buy their house. People who pay for their home with cash are not usually required to get home insurance. Home buyers who pay in cash can decide for themselves whether they want to get home insurance. 

What Are the Benefits of Home Insurance? 

There are many benefits of home insurance, including:

• Help when recovering from a covered event: If your home is damaged during a covered event, your home insurance policy will pay to repair or replace damaged parts of your house and belongings (minus the cost of the deductible). 
• Peace of mind: Many people feel peace of mind knowing that they have home insurance to help during the rebuild after covered disasters. 
• Money for housing if you have to leave: If you have to move out of your house while it’s being rebuilt, home insurance may pay for some of your living expenses. 

Need Home Insurance? Contact Us To Purchase Your Policy

Your new home is a great investment. If you need home insurance, contact us here at Keltner Insurance Inc., serving Memphis, TN and surrounding areas. We’re here to help. Contact us today.