Top 3 Tips For Buying Homeowners Insurance

Homeownership is a huge commitment with a lot of liability. In other words, you want to make sure your investment (and day-to-day life) is covered in case something bad happens.

If your home needs any sort of repair or you are robbed, homeowner’s insurance will cover it. Without it, these costs will likely be unmanageable and completely unexpected. Insurance not only ensures your home and wallet for these costs but your safety as well.

But how do you buy homeowner’s insurance? How can you be sure you’re getting the best coverage at the lowest price? Here are 3 tips to get you started on the right track.

#1: Search for Discounts

“Bargain hunting” is a sure-fire way to reduce your homeowner’s insurance cost, no matter the company you buy from.

Simple things such as a security system will grant you a discount of 10% or more a year on a plan. When buying homeowner’s insurance, then, be sure to review their policies for potential reductions.

Hand-in-hand with this, however, is potential price-raisers. Any renovations such as pools and structural additions, even something as simple as the purchase of a trampoline, can raise your costs by more than 10% a year. Keep this in mind and compare it with other options when purchasing a homeowner’s insurance plan.

#2: Get Informed—Know Exactly What Potential Policies Cover

If you do have these price-raising hazards on your property, you still want to make sure you are getting the coverage you need. After all, paying less for a plan won’t mean much if you need money for something that isn’t covered later on.

Be sure to check and review what exactly is covered by potential options. A safe way to make sure these obscure, probably unseen expenses are covered is with liability protection. And, if you are in an area at high-risk for natural disasters, consider adding natural disaster insurance such as flood or earthquake insurance.

#3: Do In-Depth Comparisons

Of course, you never want to settle for a plan with lack-luster coverage or expensive premiums. The most important tip for buying homeowner’s insurance is to take the time to compare all of your options.

Here are 7 ways to compare homeowner’s insurance plans:

  1. Compare statewide costs and insurers
  2. Do a company health check
  3. Look at claims response
  4. Current Policyholder Satisfaction
  5. Get Multiple Quotes
  6. Look beyond price (compare coverage and limits)
  7. Talk to a real person

Make Sure You’re Covered

Buying homeowner’s insurance is easy when you are confident in the company itself. Redwood Agency Group not only holds up under these tips but will go above and beyond to help make sure you’re covered.

With more than 15 high-rated carriers and a simplified buying process, you can get great coverage with ease. If you want to get started with a quote, give us a call today at (512) 994-0894.