7 Steps to Buy the Right Home Insurance Policy at the Right Price
By AP InsurancePublished On February 10, 2021
First time buying home insurance?
Here are 7 steps to buy the right home insurance policy at the right price:
1. Educate Yourself
It’s important to understand the basics before you make a purchase. Take some time to do some online reading or ask family and friends for advice.
2. Understand Your Home Insurance Needs
Before you shop around for your home insurance policy, you should have an idea of the coverage you seek to protect your home and personal possessions.
3. Consider Speaking to a Insurance Professional
4. Shop Around
Don’t purchase the first quote you get, take your time to compare quotes and options available. While saving is important, make sure that all your needs are met because you don’t want to risk having too little coverage.
5. Decide If You Want a Higher Deductible or Higher Premium
A deductible is the amount you are responsible for paying in an event of a claim. The lower the deductibles, the higher your rates. Therefore, if you want a lower monthly premium, brace yourself for a higher deductible.
6. Ask How Water Damage is Covered in Your Policy
Water is the most common cause of damage to home, so ask how your home insurance policy covers this type of damage.
7. Ask About Discounts
There are discounts available to homeowners, if you have a claim free past, new home improvements, alarm system installed, etc. Make sure to ask your home insurance advisors about the discounts you can qualify for.
AP Insurance Agents are experienced, qualified and trusted brokers that treat our customers like family – contact us today to learn about how we can help you with your homeowners insurance needs.