And that could feel like a considerable expense, but it is reassuring and priceless to know that you will be reimbursed if something happens to your most precious investment. Also, the mortgage company will demand a certain level of homeowners insurance.
There are four types of standard home insurance coverage:
- Personal Property Coverage: This covers lost, damaged, or broken items inside your house.
- Loss-of-Use Coverage: This is ordinarily a smaller amount of coverage that you can retrieve to pay for temporary residence if you cannot live in your home for a while because it is being repaired or renovated after a natural disaster.
- Other Structures: The section of the policy where its concern is the external structure like a detached garage, sheds, fences, and barns.
- Dwelling Coverage: This coverage involves the damage and wreckage to your house itself.
Steps To Get The Best Policy At A Satisfactory Price
Mortgage lenders may demand that you obtain home insurance, but they cannot pressure into getting a specific insurer or agency. You should choose the best policy and get at least three quotes from three different agencies. Check to see if you can get discounted rates from your employer and credit union.
Check if the agency has a good rating and read their website's complaint index if they have it. This way, it can give you an idea of what types of complaints they receive.
Check-In With Your Agent Annually
Ask questions regarding what your current policy offers in case you have missed something. Check the exclusions page with your agent to see what your policy does not provide.
Get All Available Discounts
There is a wide variety of discounts to homeowners, from paying the annual premium upfront to keeping your policy for three years or more.
When it comes to home insurance, you can always inquire first. Ask for a copy of the policy from different insurers and read through them to make comparisons before making your final decision.
At Cornerstone Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (770) 413-0807. You can also request a free quote by CLICKING HERE.