Your home is one of your most valuable assets, so it’s crucial to insure it properly in case the unthinkable occurs. Tammy Ross Insurance in Monroe, NC, will guide you through every detail of choosing a homeowners insurance policy that suits your needs and budget. Since 1998, this independent agency has been helping Union County residents and businesses protect what matters most to them, offering the finest commercial insurance and personal lines of auto, life, and renters insurance.

5 Questions To Consider When Buying Homeowners Insurance

1. What Is The Value Of Your Personal Property?

How much would it cost to replace your furniture, electronics, appliances, clothes, and other personal property if you suffer a total loss? Most agents suggest you insure your personal property for 50–70% of your home's value. If you believe this amount is inadequate, create an inventory and figure a dollar amount for your possessions.

2. What Is The Rebuild Cost Of Your House?

Don't buy insurance based on current market value, because that amount fluctuates. Instead, determine how much it would cost to rebuild your home. That way you won't pay too much or insure it for too little.

3. What Additional Living Expenses Would You Need?

How much would you require for additional living expenses if your home becomes uninhabitable? The cost of lodgings, dining out, and personal care can add up quickly. Many insurers recommend you buy coverage equal to 20% of your home's value.

4. Is Your Area At Risk For Floods Or Earthquakes?

Most homeowners insurance policies do not cover earthquakes or floods. If you live in an area at risk for these natural disasters, you must buy a separate policy to protect yourself.

5. Do You Qualify For Discounts?

Do you live near a fire or police station? Do you have a fire prevention or security system? Are you over age 55 and retired? Many discounts are available to those who qualify. Ask your homeowners insurance agent about discounts that could lower your premium.

Tammy Ross Insurance, the premier auto, life, renters, and homeowners insurance agency in Monroe, NC, has nearly 20 years of experience helping area residents protect their assets. Visit their website to see a list of carriers and request a free quote, and call (704) 233-4981 to speak with a courteous professional about personal or commercial insurance.