Important Points When Shopping For Homeowners’ Insurance

​Shopping for homeowners’ insurance can be quite a hassle. It’s one of those home purchasing tasks that may sometimes slip through the mind of a homebuyer. To save you from all the trouble, it’s a good idea to start looking for your preferred homeowner policy once you know that your purchase offer is accepted.

Here are some important key points to think about when purchasing homeowner insurance that can help you save time and your money:

Ascertain Insurability
You need to provide extensive information to your insurance agent so that a quote can be provided to you with the most reasonable rate for your policy. To ascertain insurability, some of the usual questions are:

• How old is the house?
• When was the electrical and plumbing features built?
• Where is the house located?
• What is the size of the house in square footage?
• What type of roof does the house have?
• Have you ever filed a claim in the last five years?

If the house is situated in a rural area where there is no fire department nearby, or even a fire hydrant somewhere near your street, it may be more challenging for you to find a company that would cover the house. You may also consider going to a specialty company or a surplus-lines company.

Check Possible Deductibles
You can actually save on cost by opting for a higher deductible on your policy. There are some who would give discounts up to a certain amount. That is why it’s best to check with your lender before you decided to get a much higher deductible.

How Much Coverage Do You Need?
Most of the time, a cost estimator will be utilized to get an estimate of the cost replacement. The estimator will help make sure that your house is insured given an appropriate amount.

On top of these key points, it’s very important for you and your agent to thoroughly go over your policy for a minimum period of at least every three years, which allows you to see if there’s anything that needs to be changed or upgraded if possible. 

Considering that your needs change, as well as budget, it’s also important to discuss all these things to your agent. Getting insurance suited for your home would surely be a good long-term investment for the entire family.

At Family Auto Insurance Agency, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (313) 285-9042. You can also request for a free quote by CLICKING HERE.