Our Agents are standing by to help!
Request a free quote today!



Your Name:
 
Email:
 
Phone:
 
Department:
 
Message:
 
  

Tips Before Purchasing Home Insurance

by host on Monday, May 22, 2017 2:43 PM
A good home insurance policy is essential for safeguarding your investment and getting financial assistance in case of an unforeseen disaster. However, you need to exactly know the amount of insurance required for your home. Proper research is necessary to buy the right home insurance policy.

Below is a list of some useful tips that can come in handy before you purchase home insurance:

 

Shop Around: It is imperative to consult multiple insurance agents so that you can compare the interest rates being offered. Shop around, look up on the Internet, consult your friends and family members to get references for the best home insurance deal. Different insurers charge different rates for the same coverage, so choose a plan according to your budget.

Determine The Value Of Your Property: You need to know the accurate re-building and replacement cost of the contents inside your property. Making these estimates beforehand can help you to decide the amount of coverage required for your home. You will also not suffer any losses later on in case there is damage to your home due to any mishap.

Get Information On Basic Coverage Options: Whether you reside in your own property or live in a rented accommodation, you would require a home insurance. Note that you will be provided financial protection only for the damage caused to your house by the events mentioned in the policy. Apart from this, you will need to incur the expenses in case any damage occurs due to an event that falls outside the purview of your policy.

Compare The Deductible: Before choosing a home insurance policy, you must clearly know the amount of deductible you will be required to pay. Deductible is the amount you need to pay from your pocket on every claim. It is important to be aware that a policy with a lower deductible will prove to be expensive as compared to the one with a higher deductible. 

Calculate your budget to know how much deductible you will be able to afford.

Know If You Are Eligible For Discounts: Get in touch with your insurance agent to know if you are qualified for any type of discounts. Some insurance carriers offer lower rates of interest if you get the auto insurance along with home insurance from them. Installing extra safety features such as CCTV cameras or anti-theft systems can also fetch you some concession on your home insurance policy. 

Read The Terms And Conditions Carefully: Since the home insurance policy is a legal contract, you need to clearly understand what all is stated in it. The policy mentions the rights and responsibilities of the insurance company and the insurance holder as well. Therefore, make sure that you identify with each and every point mentioned in the policy before signing on the dotted line. 

We, at Smith-Reagan Insurance Agency, provide a wide range of home insurance plans. For more information, you can call at (956) 399 - 1353.

Author
host

The auto insurance policies provided at Smith-Reagan Insurance Agency are specifically tailored for each client in San Benito and McAllen, TX