Cornerstone Insurance Agency Blog
Buying home insurance is a crucial financial decision for a family. Many new homeowners, however, are losing by default as they fail to ask important questions during the buying process, resulting in making wrong decisions when buying home insurance.
Here are some of the things you need to discuss with the agent to make a wise decision when buying home insurance:
Ask How Much It Will Cost to Rebuild Your Home
Repairing your home after a loss will cost you the present day’s price to pay for the materials and the contractors, and not the price years ago when you buy your home. Your agent should discuss your home’s features and belongings so you can make a wise decision about the coverage.
Check the Insurance Company’s Reputation for Customer Service
Do some research and ask your friends about the details of the insurance company where they bought their home insurance from. You don’t want an insurance company that would give you additional stress after an already stressful incident that requires you to have a significant home repair. Choose the company that is easy to reach and pays claims promptly and fairly.
Know Available Discounts
Home insurance comes with discounts. Ask your agent about it. It could be auto insurance from the same company or some systems for your home’s safety like burglar or fire alarms. Most insurance companies can also lower your rates if you have not filed a home insurance claim for a certain number of years. They like low maintenance customers.
Ask About the Deductibles
A deductible is an amount of a possible loss that you need to pay, and then your insurance company will cover the remaining balance. High deductible lowers the premiums. Raise your deductibles if you want to pull the insurance cost down.
Choose the Insurance Company Personally
Some mortgage companies can refer you to an insurance company. It might sound good, especially if you are too lazy to find one. The downside of this, however, is the mortgage company typically cares about your loan and not the property itself. Imagine when the time comes, and you ask if your damaged belongings are covered and the insurance company says no.
Home insurance is essential as you never know what could happen to your house in the future. It is better to make a wise decision before buying one to make sure that you can fully use your home insurance when something unfortunate happened.
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 (888) 661-8831 or Click Here to request a free quote.