When you’re shopping for coverage to protect your home, you want to choose a homeowners insurance policy that gives you peace of mind. With so many options to choose from, it's important to pick the coverage that is right for you. The commercial insurance team at Robert Taylor Insurance, located in Lorain, OH, explains what you need to know about buying a homeowners insurance policy.

Consider these three tips about homeowners insurance that can help you choose the right policy for your house:

• Determine Coverage Needs: You must first estimate how much coverage you will need to protect your biggest asset before buying a homeowners insurance policy. To ensure all of your needs are met, first determine the actual value of your home. This is the amount it will cost to replace the entire structure if necessary. An assessment company can give you the most accurate and updated value of your home.
• Receive Quotes: Before making your decision, you should receive quotes from at least three different insurers. Compare each company's price estimates and the details about the coverage they provide. You should also research the insurer by reading reviews online to determine if they are friendly and easy to work with if you ever need to file a claim.
• Understand Policy Details: Knowing the most frequently used homeowners insurance terms can help you understand information about the policy you are shopping for. Two of the most common terms are claim, which is your request for payment from your insurance company for a loss to your property, and deductible, which is the amount of money you must pay for a covered claim.

The agents at Robert Taylor Insurance will help you determine the level of homeowners insurance coverage you need and get you the best price for your policies. Call (440) 277-5191 or visit the website to learn more about their condo and renters insurance policies.