Considering buying a home is likely the biggest purchase you will ever make, and it represents a great investment in your future, it is critical that you protect this investment by purchasing homeowners insurance. Homeowners insurance will ensure that you are protected no matter what happens down-the-road, whether your home is broken into, or if it is damaged in a fire. However, there are several things you will need to consider, and decisions you will need to make, when shopping for homeowners insurance. To help get you started, here are the primary things you should consider when shopping for homeowners insurance.
Make Sure You Get Enough Coverage
When shopping around for homeowners insurance, homeowners often make the mistake of simply searching for the best deal, without actually looking into what the policy they are considering choosing would cover. However, in the event that the worst occurs, you will want your coverage to be sufficient to not only cover the costs of repairing/rebuilding your home, but you will also want to make sure that you have enough coverage to replace the items in your home as well should they be destroyed or stolen. Make sure that you take time to review policies you are considering to see exactly what they cover before you make a decision.
Know How Much Your Deductible Would Be
You should also take a moment when considering insurance policies to determine a realistic deductible. While many homeowners will instinctively turn towards a policy with a high deductible in order to keep their annual premium low, you have to remember that you will have to pay your deductible out of pocket before your insurance kicks in. This makes it important that you take some time to consider how much of a deductible you will realistically be able to afford before you choose a homeowners insurance policy.
Consider Bundling With Your Auto Insurance
When researching homeowners insurance, it is easy to become overwhelmed by the cost your annual premium can represent. However, you may be able to save substantially on your homeowner’s insurance if you bundle it with your auto insurance. Bundling will reduce your premium for both policies, representing significant savings each year.
If you would to like to discuss your options for homeowners insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
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Rob 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.