Owning a home is an important investment, but purchasing homeowners insurance can be confusing, and purchasing the right homeowners insurance can be even more confusing. However, there are some basic items that you should take into consideration. We’re going to discuss the top 5 things you should look for when purchasing a policy for your home.
Price – Many people will only focus on the price of the homeowner’s insurance policy, and many people will go with the cheapest option. This is not always the best idea. Make sure that the company you are purchasing your policy from is licensed in the state of Wisconsin. It’s important to make sure you are covered for all possibilities so getting the cheapest coverage might omit some of the areas you need coverage for. Shop around at different companies and see what each has to offer.
Save Money – There are many things you can do yourself to drive the premium of your homeowners insurance down. These are things that will save you money on your policy, so make sure you ask your agent which discounts you may qualify for:
An alarm system
Updated heating systems
Dead bolt locks
Understand your policy – Once you are covered it is important to understand the coverage you have purchased, read over everything and if you have questions ask your agent. Keep your policy in a safe place and know the name of your insurer.
Policies For Different Occupancies – Make sure that you are purchasing the correct homeowners insurance for the right occupancy. Many people do not realize that you need different coverage depending on who is living in the home. You will one kind of coverage if you are living in the home and a different kind of coverage if you are renting out the home.
Review Your Coverage – It’s important to review your homeowners insurance every year with your agent. Go over everything and make sure your policy is still providing the adequate coverage for your home.
If you have suffered any property damage to your home, contact your insurance company right away. If your claim is not handled in a timely manner and not to your satisfaction and you are now seeking legal representation, please give our firm a call at 414-259-9300 for a free consultation. We offer our services in Wauwatosa, WI and surrounding Wisconsin areas including Milwaukee, Waukesha, Ozaukee, Washington, Racine and Kenosha Counties.