Having only minimum coverage means you’re taking on some of the risks of homeownership yourself. When searching for insurance, remember that many home claims arise from unforeseen events.
If you choose minimum coverage for a cheaper premium, you won't have water protection or sewer backup coverage. Wanting to lower living costs is understandable, but choosing minimum coverage may be a bad decision in the long term.
In the event of a flood damaging your house, without insurance or financial resources, you’ll be incapable of repairing it. We suggest talking to our brokers to find the best coverage for you that also fits your budget. Consider insurance costs as part of your home buying process.