Home Owner Insurance: Do's and Don'ts
Posted by Cesar Sanchez on Friday, December 14, 2018 at 12:10 PM
By Cesar Sanchez / December 14, 2018
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For many individuals, their home is the most significant investment they will ever make. In order to protect a residential property from unpredictable losses, homeowners need insurance.
Here are some important factors for getting the best homeowner’s insurance coverage for you home:
GET FULL COVERAGE
Clearly specify to your agent that you want comprehensive insurance coverage for your home. A comprehensive insurance policy offers protection for an array of losses arising unexpected events, including theft, explosions, along with an accident and collision.
However, comprehensive insurance policies are more expensive than basic insurance policies. Even if you have to pay a higher premium, make sure you’re getting full replacement coverage.
DETERMINE THE REPLACEMENT COST OF VALUABLE ITEMS
Valuable items, such as jewelry or art items require a separate coverage. Verify the cost of these items and adjust your insurance coverage accordingly.
SELECT LOWER DEDUCTIBLES OR PREMIUM
Paying a higher deductible can actually work in your favor. Higher deductibles lead to lower premiums. However, you may end up paying a higher premium elevating the cost of your insurance even if you don’t use it. Determine which fits your needs best.
DO NOT DELAY REPORTING LOSSES
Try to report property losses as soon as possible. Delays can cause issues in receiving coverage. Take multiple pictures or videos as proof of the damage.
SHOP AROUND
Last but not least, shop around to receive the best home insurance at a great rate. The more insurance companies you approach, the better. Compare coverage, premium and conditions of multiple home insurance companies. This is the only way you will get home insurance coverage that fits your specific needs and goals.
See the infographic below which supports the what’s been mentioned so far:
2464 Formax Dr
Orlando, FL 32828
Avalon Park Northwest Village Ph 02-4
3
Beds
3
Baths
1,799
Sq.Ft.
14209 Lakeview Park Rd
Winter Garden, FL 34787
Lakeview Pointe At Horizon West
4
Beds
3
Baths
2,110
Sq.Ft.
1091 Indigo Dr #201
Celebration, FL 34747
Celebration Terraces
3
Beds
2
Baths
1,469
Sq.Ft.
305 Bream CIRCLE
Poinciana, FL 34759
Poinciana Nbrhd 02 East Village 07
3
Beds
2
Baths
1,680
Sq.Ft.
309 Bream CIRCLE
Poinciana, FL 34759
Poinciana Nbrhd 02 East Village 07
3
Beds
2
Baths
1,668
Sq.Ft.
4816 Cayview Ave #20311
Orlando, FL 32819
Vista Cay/Harbor Square Ph 08
3
Beds
2
Baths
2,097
Sq.Ft.
3191 Paradox CIRCLE #202
Kissimmee, FL 34746
The Terraces At Storey Lake Condo
2
Beds
2
Baths
1,240
Sq.Ft.
15381 Avenue of The Arbors
Winter Garden, FL 34787
Signature Lakes Ph 02 A B H I J
4
Beds
2F11/2
Baths
1,867
Sq.Ft.
877 Green English St #22
Apopka, FL 32703
K Hovnanian Ivy Trail Llc
5
Beds
3
Baths
2,838
Sq.Ft.
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