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:
14549 Golden Harbor Ln
Winter Garden, FL 34787
Watermark Ph 2C
3
Beds
2F11/2
Baths
2,082
Sq.Ft.
Open 6/10

$834,500
24
6112 St Ives Blvd
Orlando, FL 32819
Orange Tree St. Ives
4
Beds
4
Baths
3,003
Sq.Ft.
Open 6/11

$589,900
38
1735 Golfside Dr
Winter Park, FL 32792
Greenview At Winter Pines
4
Beds
3
Baths
1,860
Sq.Ft.
971 Bucksaw PLACE
Longwood, FL 32750
Hidden Oak Estates
4
Beds
2F11/2
Baths
2,117
Sq.Ft.
Open 6/10

$399,900
28
8119 Sandberry Blvd
Orlando, FL 32819
Sand Lake Hills Sec 10
3
Beds
2
Baths
1,688
Sq.Ft.
2351 Silver Palm Dr
Kissimmee, FL 34747
Windsor Palms Twnhms Ph 3A
3
Beds
3
Baths
1,440
Sq.Ft.
Open 6/11

$478,000
55
232 Villa Domani CIRCLE
Davenport, FL 33896
Villa Domani
4
Beds
3
Baths
1,770
Sq.Ft.
Open 6/10

$620,000
12985 Daughtery Dr
Winter Garden, FL 34787
Grovehurst A-D
4
Beds
2F11/2
Baths
2,523
Sq.Ft.
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