Named for the highly regarded Villanova University, this suburb of Pennsylvania, (PA) contains approximately 2000 households with almost five times as many residents. Villanova University is known for having one of the best men’s college basketball teams and strong programs in law, engineering and business attract the best and the brightest. Similarly, the Villanova neighborhood has attracted its fair share of residents. This well-to-do suburb sits between the Radnor Township in Delaware County and the Lower Merion Township in Montgomery Counter. Throw in a few lovely arboretums and natural spaces, and it’s not hard to see why some love coming home to Villanova, PA.
With a name that translates to “New Town”, Villanova is a quiet, upscale part of the region, boasting several historic places and outdoor points of interest. Located where Interstate 476 and US 30 meet, this community is considered a desirable place to live. With median home/condo prices well over $1,000,000, it’s safe to say that homes are big investments in this corner of the Keystone State. What do Villanovans do to protect their houses from fire, theft and other types of damages? It’s important to have home insurance in Villanova, PA to address these real concerns for residential property owners in this area.
Having home insurance in Villanova protects you against a huge financial loss if your home or its belongings are destroyed or damaged. A homeowner’s insurance policy covers your expenses for making repairs or replacing lost items. It can also cover the medical bills of a third party injured while on your property. If you’ve financed your home with a mortgage, the bank, credit union or lending company would require homeowner’s insurance to protect the investment. Mortgage or no mortgage, home insurance in Villanova, PA makes sense because it offers these coverages:
Even in a well-to-do place like Villanova, PA having to pay for home damage or destruction out of pocket can cause financial ruin. As a homeowner, you need a policy for home insurance in Villanova.
A policy for home insurance in Villanova, PA may not cover certain weather-related perils such as windstorms or flooding. You should also know that your policy doesn’t cover malfunctioning appliances such as a garbage disposal or your HVAC system. Home insurance shouldn’t be confused with mortgage insurance which a lender often requires when a down payment is below 20%.
As a property owner, you need to familiarize yourself with the details of your home insurance in Villanova:
This information is intended for general informational purposes only and is not intended to constitute legal advice.