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:
Open 6/29
$180,000
Subdivision:
Water Street Condo Ph 08
1
Beds
1
Baths
882
Sq.Ft.
1999
Year Built
2
Days on Site
O5790280
MLS
Overlooking the Water Street Canal, this 3rd floor 1 bedroom, 1 bath Downtown Celebration condo is perfect for anyone who wants a place to call their own in one of the finest master planned...
MLS #: O5790280Open 6/22
$349,900
Subdivision:
Bella Vida
4
Beds
2F11/2
Baths
2,898
Sq.Ft.
2010
Year Built
2
Days on Site
O5792292
MLS
MOVE RIGHT IN! 4 bdrm, 2 ½ bath home in BELLA VIDA gated Community. ENERGY-STAR CERTIFIED home on a PREMIUM lot overlooking CONSERVATION AREA in the backyard w/ hedge fencing. Downstairs, you'll love...
MLS #: O5792292
$365,000
Subdivision:
Northwood 46/39
4
Beds
3
Baths
2,434
Sq.Ft.
2002
Year Built
2
Days on Site
R4901885
MLS
STUNNING LAKE AND CONSERVATION VIEW HOME. Beautiful lake front 4 bed/3 bath home is located in the 24 hour/guard gated Eastwood Preserve community. Separate formal living and dining rooms with large...
MLS #: R4901885
$489,900
Subdivision:
Bella Notte/Vizcaya Ph 03 A C
4
Beds
3
Baths
2,404
Sq.Ft.
2003
Year Built
2
Days on Site
O5792638
MLS
Experience love at first sight! This beautifully appointed residence in 24 hour guard gated Bella Notte at Vizcaya will take your breath away. From the freshly painted exterior, volume & coffered...
MLS #: O5792638
$179,000
Subdivision:
Rio Pinar Lakes Ph 01
3
Beds
2
Baths
1,132
Sq.Ft.
1983
Year Built
2
Days on Site
O5789627
MLS
Location, Location , Location - conveniently located in East Orlando, close to EVERYTHING. Look at this 3 Bed 2 bath, 1132 sq. ft., large patio with Lake Gibson view. Large living room with dining...
MLS #: O5789627
$499,000
Subdivision:
Summerville Resort
6
Beds
7
Baths
2,830
Sq.Ft.
2017
Year Built
2
Days on Site
O5791204
MLS
COME AND TAKE A LOOK OF THIS BEAUTIFUL TOWMHOME. 6 BEDROOMS - 7 BATHS. Furniture package included. Discover Orlando's Newest community, which offers all en-suite bedrooms and private patios. Lancelot...
MLS #: O5791204
$262,900
Subdivision:
Shadow Bay Un #3
3
Beds
2F11/2
Baths
1,904
Sq.Ft.
1986
Year Built
2
Days on Site
S5019510
MLS
Come see your future Home before is gone!! This beautiful house has been very well-maintained. Has ceramic flooring in living, dining room, Bathroom and kitchen, laminated floors in the rest of the...
MLS #: S5019510
$189,000
Subdivision:
Metropolitan/Lk Eola
2
Beds
2
Baths
1,405
Sq.Ft.
1963
Year Built
2
Days on Site
O5792815
MLS
Unique 2-bed 2-bath floor plan with direct access to the newly renovated pool from balcony. Beautiful historic building in the heart of downtown Orlando, only 500 feet from Lake Eola Park! Currently,...
MLS #: O5792815Open 6/22
$250,000
Subdivision:
Woodsong
3
Beds
2F11/2
Baths
1,447
Sq.Ft.
1983
Year Built
2
Days on Site
O5792164
MLS
Nicely updated 3/2.5 with open Kitchen/Dinging/Living area. Garage and half bath on lower level, Kitchen/Dining/Living on middle level and bedrooms on upper level (split level design). The kitchen...
MLS #: O5792164
$250,000
Subdivision:
Huckleberry Fields N-2B Unit 1
3
Beds
2
Baths
1,472
Sq.Ft.
1991
Year Built
2
Days on Site
O5792062
MLS
Renovated 3 bedroom 2 bathroom home with 1,450+ square feet of living space in the Bramble Bluff subdivision within Waterford Lakes. NEW AC 2019. Whole house REPIPED 2015. The kitchen was updated...
MLS #: O5792062Open 6/22
$354,900
Subdivision:
Sand Lake Hills Sec 02
4
Beds
2
Baths
1,937
Sq.Ft.
1977
Year Built
2
Days on Site
O5792829
MLS
Come see this Extensively Remodeled popular Pinehurst model 4 Bedroom POOL home in Sand Lake Hills! BRAND NEW Kitchen with large Island, New SS appliances, Silestone counters & tile backsplash, All...
MLS #: O5792829
$249,500
Subdivision:
Lake Brantley Hills
4
Beds
2F11/2
Baths
1,412
Sq.Ft.
1970
Year Built
2
Days on Site
O5791299
MLS
Wow! A Brantley home under $250K! You must truly see to appreciate everything this rare treat has to offer! This home has been masterfully recreated with artful eyes and skilled quality workmanship...
MLS #: O5791299
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