So, you’ve finally paid off your home—congratulations! That’s a significant milestone. With no more mortgage payments looming over your head, you might wonder if you still need home insurance. After all, if the bank doesn’t require it anymore, is it really necessary? At ACU Insurance Services in League City, TX, we often get this question, and it’s an important one to consider.
Owning It Outright Doesn’t Eliminate Risk
While it’s true that lenders often require home insurance, the need for coverage doesn’t vanish when the final payment is made. Your home is likely your most significant investment, and without insurance, you’re on the hook for any damage or loss. Think fire, hail, theft, or even a burst pipe—repairs or replacements can be incredibly costly, and without a policy, those expenses come out of your pocket.
Liability Still Matters
Home insurance doesn’t just protect your house—it also shields you from liability. You could be held financially responsible if someone gets injured on your property. A simple accident, like a slip on the front steps, could become a serious legal and financial headache without coverage.
Get in Touch with ACU Insurance Services in League City
Even if you feel confident in your financial situation, there’s something to be said for peace of mind. Home insurance gives you one less thing to worry about, knowing you’re protected if the unexpected happens.
Ready to ensure the protection of your paid-off home? Contact ACU Insurance Services in League City, TX, today, and let us help you find the right policy to keep your home safe—no mortgage required.
