If you’re among the 70 percent of Americans who finance their homes with a mortgage, your lender probably requires you to have at least some basic homeowners coverage. So although there are no state laws that require home insurance, it is still necessary for homeowners. Uniamerica Insurance can also help if you’re shopping for homeowners insurance.
Until you’ve paid off your home loan, your mortgage company is basically part owner of the house. So, naturally, they have a vested interest in keeping it in good condition and avoiding a dip in value.
If unforeseen disasters such as tornadoes, explosions, or fires cause damage, your home policy helps cover vital repairs to keep your place in tip-top form.
What is the average cost of homeowners insurance in California?
The average cost of home insurance in California is $1,166, making California the second-cheapest state in the country for home insurance. Its average cost is $1,139, or nearly half the national average of $2,305, for the coverage level of:
- $300,000 dwelling coverage
- $1,000 deductible
- $300,000 liability
Let Uniamericainc.com help you with insurance today!
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