What should first-time buyers know about home insurance?

Congrats on starting the process to buy your first home! The next step is home insurance! Buying your first home is stressful enough without trying to figure out what kind of insurance you need. Avoid overpaying and get the perfect coverage with these tips!

Start early

You don’t want to wait until the closing day to begin your hunt for insurance. It will cause unnecessary stress and could even delay your closing date. If you start early, you won’t feel rushed to pick an option that might not be the best for you. You can pick and choose what is important to you and your home.

Get at least three opinions

You don’t have to take one company’s word for it. By getting several quotes, you can compare coverage and prices and choose what’s best for you.

Know what’s covered

Not everything is covered in your typical homeowner’s insurance policy. On average, your home, the property inside your home, other structures like a garage, and liability for injuries that happen on your property.

But, events that happen because you didn’t take care of your home often aren’t covered. These can include but aren’t limited to mold, leaks, and pest infestations.

Understand the deductibles

If something happens to your home, the deductible is what you will have to pay to cover the loss. Because of that, it’s essential to make sure you can afford to pay the deductible.

Home insurance can be confusing, but it doesn’t have to be! If you’re ready to buy a house, start doing your research today! If you are interested in home insurance, give us a call, and we can help you get a quote and help you with any questions you may have.