When you buy a home, you’re investing in your future. Most homeowners protect their investment by purchasing homeowners’ insurance. If you live near Bourbonnais, IL, our team at George Ryan Jr. Insurance Group Inc. welcomes your inquiries and concerns. We’ve been serving homeowners like you since 1996.
What Happens If You Don’t Buy Homeowners Insurance?
Buying a home requires a significant financial commitment, and while you may not be legally required to purchase homeowners’ insurance, it can be tempting to avoid the extra expense. However, according to My Bank Tracker, homeowners’ insurance may be more affordable than you think, with annual premiums typically ranging from $1,000 to $3,000.
The primary purpose of homeowners’ insurance is to provide financial protection for damage to your home and surrounding structures caused by natural disasters. Without insurance, replacing these assets can be an overwhelming expense, especially when combined with the emotional burden of losing your home and its contents. My Bank Tracker recommends purchasing a policy that covers the full value of your home, plus an additional 10% to account for surrounding structures like garages. Additionally, homeowner’s liability insurance can protect you from costly expenses if a visitor is injured on your property.
Call Us Today for Your Appointment
As an independent insurance agency, we offer a wide range of insurance options tailored to your needs. At George Ryan Jr. Insurance Group Inc., we are committed to serving our community and clients. Homeowners in the Bourbonnais, IL area trust us to help them find the right insurance solutions. Call us today to schedule an appointment, and let us have the privilege of working with you.
