Buying a new home can be a fantastic investment — both financially and for your family. Purchasing property is a great way to save money on housing in the long run, and also affords you a space to make memories with loved ones. However, because purchasing a new home is such a large investment, it can also be seen as a risk — which is why it’s important to purchase a homeowners insurance policy. Homeowners insurance policies can protect your house and the people and belongings inside of it in case of accidental damage, injury or disaster. Here are some important things to know about your homeowners insurance policy when you decide to buy a new home, so you can be sure you are adequately covered.
IT’S HELPFUL TO SHOP AROUND
HOMEOWNERS INSURANCE POLICIES DON’T COVER EVERYTHING
YOU SHOULD LET YOUR INSURANCE COMPANY KNOW IF YOU PLAN TO RENOVATE
YOU CAN LOWER YOUR PREMIUMS WITH A FEW EASY STEPS
In many cases, there are some simple things you can do in your home to automatically lower your insurance premiums. Some common examples include adding deadbolt locks, having working smoke alarms, installing fire sprinklers, building a fence around a pool or putting in a burglar alarm system. Check with your insurance company about ways you can lower your insurance quote to save yourself money on the policy.