Owning your own home is a milestone and one of the biggest investments you’ll likely ever make. Knowing this, it’s essential that you protect it and your belongings. However, picking the right coverage can be hard because there are so many to choose from.
To make things easier, let’s look at four important things to consider when you’re looking for the right home insurance policy:
- Types of Coverage: Most home insurance plans provide a variety of coverage options, including dwelling coverage, personal property coverage, and liability protection. Dwelling coverage the foundation of your home from certain risks, such as fire, vandalism, and natural disasters, personal property coverage offers repairs or replacements for lost or stolen items, and liability protection financially protects you if someone gets hurt on your property and files a lawsuit.
- Coverage Limits and Deductibles: It’s important to pay close attention to your coverage limits. These tell you how much your insurance company will pay for a claim in total. You’ll want to make sure the amount of coverage you have matches the cost of replacing your house and belongings. At the same time, consider the deductible, which is the out-of-pocket payment required before your insurance begins to pay. A higher deductible typically means lower premiums, but you’ll have to pay more up front if you need to make a claim.
- Specialized Coverage: Depending on your property, it might be essential to consider specialized coverage, such as flood or earthquake insurance. Looking at the risks in your area and talking with our team can help you understand what extras you might need.
- Discounts and Bundling: Our team can also talk with you about discounts that could lower your rates. Installing safety features or having a history of no claims can also help you score a lower rate. Additionally, you might earn a discount by bundling your car and home insurance together.