5 Tips To Keep in Mind When Shopping For Home Insurance

​Understanding home insurance basics will help you find a policy that best suits your needs. In a typical policy, you are covered for the cost of liability, personal property, or home loss. You also have the choice to make additional coverage depending on your preferences. 

Now that you know the basics of a standard policy, keep these five suggestions in mind while shopping for your home insurance.

1. Assess your Coverage
   The better your coverage, the less you will have to pay out of your pocket if disaster strikes. Sometimes, your lender decides how much coverage you need and may require you to buy a policy that covers at least the mortgage amount. The amount of coverage you buy for your house, contents, and personal property will affect your price. 
   
   
2. Ask for Discounts
   Home insurance premiums are determined by several risk-related variables, including the chances of you submitting a claim. Your insurance provider can frequently reward you with a discounted rate if you take certain precautions around your house to lower your risk of filing a claim. Some typical discounts include installing an alarm or sprinkler system, deadbolt locks, and roof replacement.
   
   
3. Be Wise in Filing Claims
   Maximize the use of your insurance by knowing who to call and when to call when filing for claims. Some insurance companies offer discounts to those who have fewer claims. Understanding how a claim can impact your rates and discounts is important to know when you will file a claim. 
   
   
4. Compare Deductibles
   Deductibles can be either a specific dollar amount or a percentage of the total insurance on a policy. The amount is decided by the terms of your coverage and can be found on the declarations page. The higher your deductibles, the lower your premium.
   
   
5. Keep Up To Date
   Your premium can rise and decrease due to your home and neighborhood changes. To avoid a liability loss, you should raise insurance coverage if you've added anything to your house, like a basement or swimming pool. 

Final Thoughts
There are different home insurance policies, and choosing one takes work. Shop around to discover the insurance plan that best suits your needs and financial situation, or consider the tips listed above in deciding which insurance coverage you'll get.

At Cornerstone Insurance Agency, we do our best to make 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 (888) 661-8831 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!