Everyone is aware that if you’re a homeowner with a mortgage on your home, homeowners’ insurance is required. It’s also known that once your mortgage is paid off, it’s not required to maintain your homeowner’s insurance, but it’s recommended that you do. No one can ever predict when an issue might arise that requires you to file a claim. Homeowners’ insurance can provide homeowners with peace of mind in case an unfortunate event occurs. However, what did homeowners do before the invention of homeowners’ insurance? 

The History of Homeowners’ Insurance

Even though many people never think about it, homeowners insurance wasn’t always as comprehensive as it is now, even though it existed in some form during ancient times. It wasn’t until the 1700s that homeowners’ insurance really began to become popular. Charleston, SC is the city where the first homeowners’ insurance policy that covered fire was created. Many homes during those times were made of wood, and fires were prevalent since wood is such a combustible material. Prior to the introduction of homeowners’ insurance, many homeowners experienced financial disasters after losing their homes following fires. This is why the introduction of the insurance company was so well-appreciated. 

 After its origination, insurance companies continued to make valuable changes to how homeowners’ insurance policies worked, and it was improved over the years. Without these improvements, current homeowners would pay separately for lighting, fire, and more. Now, all of these coverages are combined and included under one plan. 

Reach Out To Us

If you’re looking for a new company that provides homeowners insurance, you might want to consider our company, Miao Insurance Services. Covering the Pleasanton, CA area, Miao Insurance Services is a great company that offers affordable rates and great service. If you’re a Pleasanton, CA resident, and you’re interested in switching, give us a call today.