Is Home Insurance Required In Ohio?

People planning to relocate to Ohio usually ask if home insurance is required in Ohio or not. The answer is straight. Home insurance is not required in Twinsburg, OH or anywhere else around the state, but it is a smart decision to make. The truth is, when you consider the importance of home insurance, you should never buy a home without one, even if it is not mandatory.

If you are a regular working American, it is not likely that you will be able to pay for a home in Twinsburg, OH upfront. Most loan providers will not approve your home loan without home insurance. They provide up to 80 percent of the cash needed and home insurance is a way to secure their investment.

Quest Financial and Insurance Services can provide insurance that will prevent the unpredictable from causing financial havoc to your home while appeasing your lender in the process. So, it is not just an option but a necessity to protect your home from accidents, thefts, natural disasters, and other unforeseen incidents.

Imagine having your home completely raised by fire? Without insurance, you may never get over it, especially when you still have many years to pay up. You may not see the results from your insurance right away and that is why some people prefer to shy away from home insurance. The point is to be prepared when the unexpected happens. So, whether you may use it or not, home insurance is necessary and it is in your interest.

A home insurance policy will also protect you from liability incidents that may happen on your property or in your home. It can handle medical bills for injured guests and help with court fees in the event of a lawsuit. There are many uses for a home insurance policy and the agents of Quest Financial and Insurance Services in Twinsburg, OH can help.

Contact us

Reach out to our offices to receive a quote on home insurance and learn how to get started. We can help prepare your Ohio home for the unexpected.

 

What is Errors and Omissions Commercial Insurance?

Ohio state law does not require companies to carry commercial insurance, but it is a decision many business owners decide to make. This is because it can provide indemnity against a variety of situations, keeping firms from losing money when unforeseen circumstances occur. Errors and Omissions insurance can sometimes be a part of your commercial insurance, depending on the type of service or product you are offering. 

What is Errors and Omissions Commercial Insurance?

E & O insurance is there to protect Twinsburg, OH residents in instances where mistakes are made. This can include oversights by staff, management, or business owners, and it can cover things like the advice given that leads to problems for your clients. It can also protect you from incurring costs related to typos that may lead to an incorrect sequence of events, for example, if a wrong shipping date was keyed in somewhere. 

E & O insurance, in many instances, is a requisite for certain contracts, meaning that clients may choose to only do business with those who have this coverage. This can especially be true when negotiating large jobs that involve large sums of money. For a claim to be covered, you must have both had the coverage at the time of the incident and when the claim was filed. Certain professions may be required to carry E & O insurance, and your insurance agent can go into more detail about this with you. 

Quest Financial and Insurance Services is Here to Help

Contact us at Quest Financial and Insurance Services, and we will be glad to answer any questions you may have about errors and omissions commercial insurance. We serve customers living in and around the Columbus and Twinsburg, OH region, and we look forward to doing business with you.