What You Need To Know Buying Home Owner’s Insurance

There is more to buying a house than finding a mortgage and buying furniture. You also need a good, solid insurance policy to protect yourself from disaster. It’s only when it’s finalized that you can start feeling comfortable. If you own a home, look over the following article for useful insurance tips that can keep you covered.

If you want to be sure your home and belongings are covered in the event of a flood, the time to buy flood insurance is not the moment it begins to rain. Most flood insurance plans will not cover flood damage incurred within the first 30 days of purchase, so you need to make that call today, rather than putting it off.

Don not, under any circumstances, allow your hazard insurance on your home to lapse. Most mortgage companies have a clause in the agreement you signed that in the event you don’t pay it, they will find a new policy for it, sparing no expense, and charge you for the premium. It will usually be at least double what you were paying before. You are better off doing whatever you need to in order to keep your policy current.

Look over your policy to make sure everything in your home is covered should something happen. Sometimes the policy may cover all things on the property and sometimes only your things. Talk to your insurer to find out what is covered.

If you are satisfied with your home insurance company, try and get greater savings out of them with a multiple policy discount! Many times a company will offer a significant discount as an incentive for taking out more than one policy with them so look into coverage for your car or health with the same company and quite possibly save on two or more annual policy premiums!

When you are ready to purchase your homeowner’s insurance plan you will need to verify that you have received credit for all available discounts. For example, if you have multiple policies with the company you should get a discount, if you are over fifty there is generally a discount, there is also credit offered for an alarm system.

It’s not that hard to get homeowner’s insurance, but using the above advice will help you get the best policy for your money. A solid policy can really give you the peace of mind that you deserve.

Susan R. Hall