Homeowners Insurance 101: A Guide for New Home Buyers by Evers Insurance
Buying a home is an exciting milestone, but it also comes with a lot of responsibility. One important aspect of homeownership is making sure your home and belongings are protected with the right insurance coverage.
Homeowners insurance, also known as hazard insurance, is a type of insurance that protects your home and belongings from damage or loss due to events like fires, storms, and theft. It also provides liability coverage in case someone is injured on your property.
When shopping for homeowners insurance, it's important to consider the following:
Coverage limits: Your policy should provide enough coverage to rebuild your home and replace your personal possessions in the event of a total loss. Make sure to review the policy limits and consider purchasing extra coverage if necessary.
Policy types: There are two main types of homeowners insurance policies: HO-2, which covers specific perils, and HO-3, which is more comprehensive and covers a wider range of perils. Be sure to understand the differences between the two and select the one that best fits your needs.
Discounts: Many insurance companies offer discounts for things like home security systems, smoke detectors, and claim-free history. Be sure to ask about any discounts that may apply to you.
Bundling: Bundling your homeowners insurance with other policies, such as car insurance, can result in discounts on your overall premium.
Reviewing your policy: Review your policy regularly and make sure it still meets your needs as your home and possessions change over time.
As a new home buyer, it can be overwhelming to navigate the different options for homeowners insurance. Evers Insurance can help you understand the coverage options available and tailor a policy to meet your specific needs and budget. Contact Evers Insurance today to learn more about homeowners insurance and to get a quote.
