Home insurance is a must for any homebuyer. However, getting the right coverage at the right price may seem impossible, particularly for those who are buying home insurance for the first time.
Fortunately, we're here to help you take the guesswork out of buying home insurance. Here are three tips that you can use to obtain the right home insurance coverage for your residence.
1. Understand What a Homeowners Policy Covers
Homeowners insurance offers protection against damage to your property and personal belongings. It also safeguards you against liability for any injuries or property damage that you may cause to other people.
Typically, homeowners insurance offers a package policy that ensures you are protected against natural disasters and other unforeseen risks. On the other hand, homeowners coverage does not protect you against every possible danger. And in some cases, you may need to buy additional coverage to supplement your homeowners policy.
For instance, a homeowner who lives in a floodplain likely will need to purchase flood insurance, as a homeowners policy does not offer flood coverage. Or, if you own a trampoline or your home features a swimming pool, you may need additional coverage as well.
Speaking with an insurance agent will allow you to learn about the ins and outs of a homeowners policy. If you ever have concerns or questions about homeowners insurance, a home insurance professional will be able to respond to your queries at any time.
2. Get Multiple Home Insurance Quotes
When it comes to finding home insurance, it pays to shop around. By doing so, you'll be able to get multiple home insurance quotes and find the best coverage at the best price.
Meeting with at least three home insurance companies usually is a good idea. This will enable you to find out how home insurance will impact your monthly expenses and receive responses to all of your home insurance queries.
3. Don't Forget About Preventative Measures to Supplement Your Home Insurance
Homeowners insurance offers protection in a number of areas, and ultimately, provides a great option to safeguard your property and belongings against risk. Furthermore, there are many quick, easy ways to minimize risk without having to increase your homeowners insurance coverage or add supplemental insurance.
For example, if you own a large collection of antique coins, it may be worthwhile to purchase a safe to secure these items. Also, if you buy a security system for your home, you can safeguard your residence and belongings against theft and may be able to get a discount on your home insurance too.
Purchasing home insurance is a major decision, and if you need extra help along the way, your real estate agent may be able to point you in the right direction.
Your real estate agent may have home insurance contacts, and as such, can connect you with these contacts instantly. Thus, you can move one step closer to buying home insurance that enables you to safeguard your property and belongings both now and in the future.
About the Author
Linda Cappello, Broker, GRI, ABR
Linda A. Cappello, Owner/Broker of Cappello Realty Shoreline Properties. Cappello Realty is a full service boutique Real Estate firm that specializes in 06855 - East Norwalk, and services all of Norwalk and Fairfield County, CT. Linda has been in the Real Estate business for 20+ years, spending 18 of them as a Owner/Broker. Being a Broker adds a lot responsibility to her job. She is responsible for overseeing every transaction and agent in the office. This is a challenge that she looks forward to and takes very seriously. She is constantly taking continuing education classes and attending seminars to keep abreast of the ever changing market as well as the industry standards, rules and regulations.
She is a native to East Norwalk, and has an in-depth knowledge of the city that she loves, as well as the intricacies of the many unique neighborhoods and areas that Norwalk offers. Linda offers her clients a network of professionals ranging from Attorneys, Mortgage Brokers, Home Stagers and Home Inspectors to any and all pros that you may need for a successful transaction and for the convenience of her clients.
"My job doesn't end at the closing table. It goes far beyond that, keeping in touch and staying friends who refer their family and friends. A lot of my business is referral business which is the greatest accomplishment and honor of all. Earning my clients trust."
