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Home Insurance 101


When it comes to home insurance not all policies were created equal. So how do you know if you’re getting the right home insurance? There are a lot of things to consider when it comes to home insurance. So here’s a list of some things that you should know in the future when you’re looking to move!

What it Covers

It’s important to know what your homeowners insurance covers. Most people assume that everything is covered once they have insurance, but this is not the case. It’s important to know this before any damage has occurred so you aren’t surprised. When deciding what needs to be covered, think about the value of you house and your belongings, as well as the cost of living.

How Do I Know If I Have Enough Coverage?

A good way to know if you have enough coverage is to get an appraisal. This will help you determine the replacement cost of your home. It is suggested the best way to insure your house is to opt for a guaranteed, or replacement, value coverage. This option usually costs a little more, but in most cases it will cover 100 percent of replacement costs.

How Much Does it Cost?

The cost of homeowners insurance varies for every property. Depending on the condition and location of your home, as well as your credit score, the cost of homeowners insurance will be determined.

How Can I Save?

The best way to save on your rates is to bundle your home and auto insurance together with the same insurance company. The amount you save will be different depending on the insurance company, so do your research before making your final decision!

Keep In Mind, You Aren’t Covered for Everything

As stated above, most people think they are covered for everything when they get homeowners insurance, but they’re not. If someone were to get hurt on your property, there is the possibility of being sued. Get an umbrella liability insurance as well as homeowners insurance and you’ll be covered for a certain amount depending on your provider.

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