Owning a home is a great opportunity. When you are a homeowner, you are responsible for many things. One of these things is homeowners insurance.
Homeowners Insurance is Not an Option
Not only is insurance required if you have a mortgage, but it is a wise financial decision. Should an unforeseen accident happen that causes property damage, your insurance policy protects your home as well as your personal belongings. It also keeps you protected against accidents that could injure visitors.
Get Proper Coverage
When it comes to homeowners insurance, there are six types of coverages to choose from. Each type of coverage protects different aspects of your property.
- Coverage A-House
- Coverage B-Other structures on the property
- Coverage C-Personal belongings
- Coverage D-Additional Living Expenses
- Coverage E-Comprehensive Personal Liability
- Coverage F-Medical Expense
Your insurance agent can help you decide the amount of coverage you need.
Keep Deductibles in Mind
A deductible is the amount you will be required to pay before a claim pays for any damage. When you purchase a policy, you should pay special attention to the deductible. How much money will you be comfortable paying should you need to make a claim? A lower deductible will have a higher policy price, while a higher deductible means a lower price.
Many times, you can find discounts when you need a homeowner’s insurance policy. Ask your agent if there are any options. You may find you can get a lower price by insuring your home and vehicle with the same company. Some companies also offer discounts when you have certain security features or belong to specific organizations.
Know Your Policy
You need to read and understand your insurance policy as it is a legal contract. It states your rights as well as the responsibilities of the insurance company. If there is anything in your policy you are unsure of, talk with your agent so he can help you.
Homeowners insurance is a smart financial decision.
If you want to discuss options for homeowners’ insurance, please call us at 561-732-9305. Our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.