The first thing to do in buying home insurance is to solidify the new home's address. Researching for home insurance beforehand gives people extra time to understand and assess the right insurance policy for them. Although most lenders may provide referrals, it is the owner's responsibility to make a choice. Getting bundles for home and auto insurance saves money.
To save money on home insurance costs, homeowners must not leave insurance purchases at the last minute. It will leave them with limited options and pressure them to choose what's lying in front of them without considering coverages.
3 points in looking for home insurance
- Limitations in personal property and liability coverage
Several items like clothing, furniture, jewels, and other personal property are included in the standard coverage. Additional coverage may be needed for luxury items.
In case of an injury in the owner's property, liability coverage helps pay expenses like medical and other damages.
Although most personal belongings are covered in a standard policy list, natural disasters like earthquakes, floods, and landslides are excluded. If the house location is at risk for these disasters, ask the insurance agent for additional protection if there is any.
Understanding deductibles in the insurance policy is essential. Ensure that the deductible amount is within the insured's budget because they are responsible for that part of the claim.
Home warranty vs. Home insurance
First-time owners may be confused about what is the difference between a home warranty and home insurance. Home insurance policy does not cover typical damages or mechanical breakages. A home warranty is an add-on for the home insurance if there is something wrong with the house. Examples of home warranty coverage are broken air conditioning units and other home appliances separately purchased from home insurance.
Work with the insurance agent to get the home insurance coverage needed. Make sure to only pay for what the house needs to avoid having financial dilemmas. It is crucial to get covered for the risks that the insured wants to be protected from in damages or criminal incidents.
At Cornerstone Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (770) 413-0807 or Click Here to request a free quote.