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Three Basic Principles that will Always Help You Pick the Right Homeowner’s Insurance

07 Aug

Three Basic Principles that will Always Help You Pick the Right Homeowner’s Insurance

Would you ever buy a car without inspecting it first? How about furniture? Or clothes, or food? Even when you shop online, chances are you take a close look at product reviews and showcases before spending your hard-earned cash on the things you need. There’s access to so much information these days that people won’t hesitate to research before buying property – that is until the time comes to insure the said property.  For some reason, people think that insurance is optional, or trivial.  This inevitably leads to problematic situations when disaster strikes.

Take it Seriously:
Because homeowners’ insurance automatically adds to the overall cost of maintaining the real estate, many homeowners fight tooth and nail to cut corners when the time comes to insure a house.  Unfortunately, this is where people go wrong. Basic homeowner’s insurance policies tend not to provide comprehensive coverage that protects against extreme emergencies.  The greater the damage, therefore, the harder it is to file claims through cheap policies since high damage costs can provoke litigation over asset value.  If you’re looking to insure your home, don’t forget to do due diligence when selecting an insurance policy.  Here are a few tips on how to get the right coverage:

Window Shop:
All classes of insurance are competitive by nature.  That means that the more you shop around to find a deal that suits your individual needs, the more you learn and benefit in the end.  Start by visiting government websites which publish rate-comparisons for standardized coverage, and then use this basic guide to contact different companies for custom quotes.

Watch out for Underinsuring:
Whenever you underinsure your home, the amount of compensation you’re entitled to in the event of an emergency is either limited or nonexistent.  As you! purchase a home, and as its value appreciates over time through property development, stay in contact with your insurer to confirm whether the coverage limits in place will actually reimburse you when necessary.

Take Measures to Reduce your Risk Profile:
Before assigning specific policies to individual buyers, insurers have to assess buyers’ risk profiles.  That means that the easier you make your assets to insure, the more efficient your policy will be in the long run.  In order to reduce your risk profile as a homeowner, install features such as smoke detectors, burglar alarms, deadbolt locks, programmable sprinkler systems, fire-resistant components, and so on.

Homeownership represents the single most significant investment that most people will ever make in their lives.  Homes might be valuable, but they’re also vulnerable to damage and natural disasters.  That’s why it’s supremely important to make sure that your house is adequately insured. There is nothing more crushing than watching your home crumble to the devastation of a fire, or taking stock of the wreckage caused by thieves and vandals. If you can afford to protect your house from these and other threats with homeowner’s insurance, don’t hesitate. For more information, visit any of our offices or give us a call at 1-800-639-7654 to find out how Adriana’s Insurance Services can help you find good coverage. We got you covered!