When you purchase a new home, your priority should be to buy the right homeowners insurance to sufficiently protect your investment. For many first-time homeowners, it may be confusing trying to sort through all of the different coverage types. This is where discussing your options with a reputable agent will help you make wise investment decisions.
Here are 4 tips that will help you settle for the right homeowners insurance policy
1. Understand What You Need
To purchase the right homeowners insurance, you will have to understand your exact needs. Do you have pets that may pose a liability risk? Do you possess valuable antiques or jewelry that may require a supplemental policy? What is the age and overall condition of your home? These are all questions you will have to answer before you start researching insurance policies. Once you know your needs, it will be much easier for you to find the perfect policy for your home and property.
2. What If You Live in a Flood Plain
If you live in an area that is prone to flooding, you will have to purchase flood insurance along with your homeowners policy. Standard policies will not cover water damage from floods, but they will cover damage caused by burst or frozen pipes. If you have questions about the type of water damage covered by your homeowners insurance policy, ask your agent, and have them explain the terms of the policy.
3. Know Your Liability Risks
As a homeowner, you face many risks. Pets can bite and destroy property. Swimming pools are a drowning hazard for pets and small children. Unkept yards and poorly maintained homes are invitations to tripping hazards. All of these factors increase your risk of liability. Your insurance agent can help you identify areas of risk where you can take preventive measures. Putting up a privacy fence around your swimming pool or building a large kennel for your pet are just two ways you can limit your liability risk and make your home a safer place.
4. Know Your Agent
If you want the perfect homeowners insurance policy, you need to know your insurance agent. The more you know about your agent, the more likely you will be able to work together to find the best possible insurance policy for your home. When you have a relationship with your agent, it is much easier to talk about concerns and trust their advice on handling the situation. Being as honest as possible with one another will help you feel more secure with the choices you make concerning your insurance.
Trying to find the perfect homeowners insurance policy gets much easier when you work with agents you trust. Are you looking for assistance with your home insurance needs? Contact the experts at the Scavone Insurance Center in White Plains, New York, today. Our team is looking forward to answering all your questions.