Month: August 2025

People who get a home loan are required to have a home insurance policy to maintain their loan. However, individuals who pay for their house in cash have a choice. Is it better to get home insurance, or is it better to save money?

When you have home insurance, you gain financial protection in case a covered event occurs. Home insurance can make life as a homeowner easier and provide support when disaster strikes. If you’re struggling with the decision to get home insurance, the professionals at Infinity Insurance Group, serving Post Falls, ID, can help you decide.

What Are the Benefits of Home Insurance?

There are many reasons to consider getting home insurance:

• Help during recovery after a covered event: Whether you’ve experienced a home fire or a burglary, a home insurance policy can assist you during the recovery process.
• Financial protection for homeowners: Many people don’t have the funds to repair or replace their home if it suffers a total loss. Home insurance can protect your savings by preventing you from having to pay for everything you own to recover after a disaster.

Am I Required to Get Home Insurance If I Pay in Cash?

Most people who pay in cash for their home are not required to have a home insurance policy. However, if you are buying a home in an HOA, this may be a requirement. Be sure to check the rules of the HOA before making a decision.

How Can I Get Home Insurance?

If you need home insurance, contact the professionals at Infinity Insurance Group, serving Post Falls, ID. We work with many different carriers and can help you find the best policy to meet your needs.