When you buy homeowners insurance, you know you’re taking steps to protect your property from all sorts of expensive problems. But if you’re not careful when your shopping policies, you still run the risk of getting into costly situations. Fortunately, BestRate Auto Insurance—one of the top insurance companies in Statesboro, GA—is here to discuss a few mistakes to avoid when you buy coverage for your home.

3 Homeowners Insurance Mistakes That Could Cost You

1. Basing Your Coverage Amount On Your Mortgage

Underinsuring their property is a common mistake homeowners make, and many don’t even know they’ve done it. This usually happens when a consumer chooses a coverage amount that reflects their total mortgage. However, mortgages don’t always represent the true value of a home.

To avoid this mistake, figure out how much it would actually cost to completely rebuild your home. This is the amount you want to be insured for.

2. Forgetting About Flood Insurance

A standard home insurance policy that hasn’t been adjusted to match the risks in the area where you live can prevent you from being covered for certain things. While most policies will cover typical risks—such as fires—it’s important to also look at things that may only happen in your part of the country. For instance, you should consider if your home is at risk for flooding—and if it is, make sure flood insurance is part of your policy.  

3. Ignoring Problems With Your Home

When your house needs a small repair, it may be tempting to put it off until you have the time and resources to fix it. However, ignoring issues with your home can complicate your coverage if that small problem becomes bigger later on. A good homeowners insurance policy should cover many early repairs, making it more affordable both in the short and long term.

To make sure you have the best homeowners insurance in Georgia, contact BestRate Auto Insurance at (912) 489-5942. In addition to offering competitive, accurate insurance quotes, these experts understand the unique risks for homeowners in the Statesboro area and can make sure you have the coverage you need. To learn more about the policies they offer, check them out online.