I had one exactly like it, and it was my bedside gun for years. Sold it a few years back, but I would buy another now (if I could find one in decent shape).
I wasn't thrilled with the hammerless design for a house gun, preferring the option of being able to cock the weapon if I deem it proper for a situation, but they did make an exposed hammer model, (actually I believe yours is considered a 720 covert), which I would love to have.
Nothing wrong with a good .44 special round for defense!