Home Insurance Mistakes to Avoid
If you’re a first-time homebuyer, home insurance coverage is essential in protecting your family and property. Whether it’s from theft or today’s unpredictable climate, having reliable home insurance coverage is a must. Lackluster coverage can end up costing you thousands in damages and repairs. Learn more about what to avoid when shopping for your home insurance policy.
Considering Cost Over Value
One of the biggest mistakes new homeowners make when purchasing home insurance is having more concern over the premium price than the amount of coverage they’re buying. Low premiums don’t always mean sufficient coverage, and it can end up costing you more in the long run.
Choosing the Wrong Company
Shopping around and researching plenty of insurers is essential when choosing your home insurance policy. Don’t be afraid to dive into reviews about companies’ services, prices, and customer service. Selecting an insurance company you feel comfortable with is as important as the coverage you’ll receive. Nothing is worse than having a tough time communicating with your insurance agent after a stressful and challenging situation.
Insufficient Coverage
Life is unpredictable. You never know if you could get hit with a disaster or a robbery, so your insurance policy should be enough to cover the physical home as well as your belongings inside. When deciding on an insurance policy, make sure your coverage is enough to potentially rebuild your home or replace goods in the event of a total loss. Insufficient insurance coverage could cause you to pay unnecessary out-of-pocket costs.
Foregoing Important Coverage
Keep in mind home insurance doesn’t cover things like floods or sewage back-ups. Depending on the location of your home, consider adding supplemental coverage. Additionally, some insurance policies may not cover higher-end items due to the policy’s limits. Consult with your insurance agent about what policy best fits your home’s needs.
RG Insurance Agency specializes in all types of insurance, including home insurance for the Pharr, Mission, and Alamo, TX areas. Our professional and friendly staff is ready to find the best rates for your needs and answer any questions you may have. Contact us at 956-702-2705 to learn more about our products or get a free quote today!