Coldwell Banker Murray Real Estate



Posted by Coldwell Banker Murray Real Estate on 11/21/2017

Home Insurance is a requirement, but it’s also a welcome protection for your most prized purchase. When getting insurance, you probably want a good deal on it. Your aim might be to try and save some money. There’s much more to insurance than cost, however. You need to know that whatever policy you choose will cover what you need and provide the right amounts of protection for those items. 


There’s so many different parts to an insurance policy that indicate the coverage you can have for your home, it can be dizzying. At its most basic form, home insurance protects your home from risk. This includes fire and robbery. Keep in mind that a less expensive policy will provide less coverage for you. Different types of coverage that you should be aware of are:



  • Dwelling Coverage
  • Other Structures Coverage
  • Personal Property Coverage
  • Liability Coverage


These different pieces of a home insurance policy allow for a wide variety of damages things including: Rebuilding your home, coverage that will allow you to rebuild fences, sheds and screen houses, protection if someone is injured on your property, and the insurance of your personal property contained within the home. Some policies will even cover you to live in an alternative place should your home become uninhabitable. 


Check Your Deductibles And Policy Limits


A deductible is how much you’ll need to pay before the insurance company picks up the rest of the bill. Policies with higher deductibles are less expensive to purchase. Yet, if your home does face damage, you’ll have to come up with a lot more upfront to have your home repaired. When you’re comparing home insurance policies, you’ll need to make sure that you have the same deductible amount selected for each separate policy that you’re getting a quote on. The deductible amount that you choose should be one that you’d feel comfortable paying when and if something happens to your home.  


True Comparisons


While shopping by price is a good place to start, you need to compare much more than that. You want to be sure that when you purchase a home insurance policy that you’re actually getting your money’s worth. You need to be mindful of the type of coverage that you get and the amount of deductible that you’ll need to spend in order to get that coverage. It would be tragic for something to happen to your home, only for you to find out that it’s not covered. You pay home insurance for protections, so it’s a great idea to know exactly what you’re paying for and where the safety net is surrounding your home and belongings.







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