Renting Vs. Buying

Is it better to rent or buy a house? That’s a question many adults ask themselves at one point or another in their lives. Especially, when people begin to consider their goals and plans for the future ahead. Buying a house is a big financial investment that comes with many responsibilities. Purchasing a house means that you are committed to it and plan on making a life there, at least for an extended period of time. Taking the initiative of buying a house shows that you are in position to handle the duties of taking care of a household and are ready to have something that you worked hard for and can proudly say that you own. Whether you are purchasing a house or renting, it is key to have the right type of insurance to protect you and your possessions. Disaster strikes when least expected so therefore homeowners and renters insurance is a must. If you are a renter, you will want to ensure that you have the right type of insurance should something happen to go wrong. As a tenant, renters insurance covers all of the possessions that you have in your rental property. Renters insurance is also used when there is damaged caused in a dwelling that is your fault. Renters insurance may also help offset some of the costs that are incurred when a tenant loses portions of a security deposit due to damage. A standard home insurance plan will include coverage for:
• The physical dwelling
• Certain detached structures like sheds and garages
• Your personal property
• Liability issues to defend you against lawsuits

Whether you are buying or renting, insurance is a must. If you are unsure of what type of coverages you need give Spivey Insurance Group a call at 704-861-4460 and let our agents answer any questions you may have.

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