Buying home for first time, can someone tell me about homeowners insurance?
Thursday, October 23rd, 2008 at
10:54 am
crymeariver asked:
My husband and I are about to close on a home and would like to know some about homeowners insurance. We are planning on getting it through our car insurance company, but just want to know if anyone has any advice as to how we can estimate the value of our stuff, any thing important we need to know?
My husband and I are about to close on a home and would like to know some about homeowners insurance. We are planning on getting it through our car insurance company, but just want to know if anyone has any advice as to how we can estimate the value of our stuff, any thing important we need to know?
Tagged with: Car Insurance Company • Homeowners Insurance • Insurance Planning
Filed under: Homeowners Insurance
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My thoughts, (IMO):
Have a high deductable-no need turning in something small since it will raise your rates
Have enough liability on it-never know when some wonder of human development trips on your property and sues you.
And always get replacement coverage.
Homeowners insurance is basically something that allows you to pay on a monthly basis for insuring your home. Depending on where your home sits you will have to purchase different tyopes, such as flood ins. Your Title company will have differnent ins. companies avalible that they have worked with in the past. As well as State Farm is a solid homeowners.
Talk to the insurance agent. Typically normal household goods coverage is a set amount or percentage of the overall policy. If you have out of the ordinary things like fine art, furs, expensive jewelry, you may need to add a rider to the policy to cover these items. You will probably need an appraisal of the items.
If your agent is a good agent, they should be able to sit down with you and answer any questions you may have. remember the money you are paying is paying their salary, so ask all the questions you want.