asdcasdSQDSCASfcdv

Home Insurance – Top Reasons To Get Your home Insured

Getting home insurance is one of the things, which you might feel like it is unnecessary, especially when times are hard. However, any homeowner should ignore such thoughts and get Homeowners insurance quotes by We Insure Group Miami. There are plenty of reasons and benefits, which come with doing so, some of them being:

For protection of equityQSDQSDcAfcd

It is hard to foretell what might happen in future. After investing a lot of money in building or purchasing a home, losing your priced possessions can be devastating if you do not have insurance. Insurance can protect your home from natural disasters, like fires, as well as theft and vandalism. You will only suffer some inconvenience, but not financial loss.

To complete mortgage requirements

Nowadays, a majority of banks make it a requirement for homeowners to acquire home insurance as part of the mortgage agreement. The reason for this is because the home is the collateral for the loan, and the interests of the bank have to be protected.

It is inexpensive

Another good reason to get home insurance is the fact that it is not expensive. A majority of homeowners can easily afford it as part of their expenses, without it having a huge impact on their budget. Given the high value that it offers you, it is worth getting it.

To get peace of mind

Having peace of mind is another reason to get home insurance. Once you have it, you will not need to keep thinking about possible disasters, and how you will handle them. You can rest easy knowing that your home is insured. This comes in quite handy for people living in disaster prone areas, where any natural disaster can occur at any time.

deWDQsfcvszfvsdqsdInterim housing

Many policies will help you to get a temporary place to live in during the time when your home during repair in case the house was destroyed or rendered uninhabitable. This comes as a great benefit as you can continue with your life, perhaps with just minor inconveniences.

Protection from lawsuits

It is possible to be sued when someone comes to visit you and gets injured while on your property. With individual policies, the homeowner’s insurance will take care of all the legal bills as well as the damages that the injured party will be awarded.

aa03

Get Your Money Back with a PPI Claim

If you had taken a loan out a few years ago for a mortgage, buy a car or even purchased items on your credit card, You may have been caught up in the PPI scandal that has come to light in the UK and may be considering ppi claims along with many others. It has been made public that many banks have made their customers pay for payment protection insurance without even informing the consumer of this fact.

How did this happen?aa02

It has been found that banks had made it sound compulsory that the borrowers have to pay for the insurance and many of these financial institutions even gave their employees bonuses if they include the PPI in the contracts when loans are given out.

Why did banks do this?

It is a matter of risk and even though it is not called for or required by the financial regulations, banks often decided to safeguard themselves and get the consumer to take out a payment protection insurance in favor of the bank so that the bank will get their money back no matter what happens. In many instances, it did not matter if the borrower was creditworthy or not, the bank would give out the loan and in case the person cannot pay back they will be safe.

PPI claims

After the revelation, many people have been claiming back the payments they made for PPI to the banks, and if you are in the same situation, you should consider applying for your request immediately. Do not let time go by and delay the process as there are limits on time and you may not be eligible after a specified date to claim your payments.

Since many banks levied the PPI payments on the loan amount, they even charged interest on this, and all these amounts could be claimed back.

aa03Hire a Claim Management Company

If you are unaware of your current situation and do not know how to submit a claim, you can consider using the services of a claim management company. They have experienced solicitors who will know how to apply and get the maximum claim on your behalf. There are some firms that will only charge you a small 12% of the amount which will be nothing as you will not have to do all the paperwork and they will take care of all the red tape for you.