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Whether you’re buying homeowners insurance for the first time or renewing your current policy, you deserve quality coverage at the best rate possible. This is why it’s helpful to work with an agent who can provide valuable insight when weighing out your options. To ensure you’re purchasing the policy that‘s most suitable for your needs and budget, prepare a list of questions to ask your agent.

The professionals at Steven Hall - Farmers Insurance offer Mountain Grove, MO, residents a range of products from one of the most reputable insurance companies in the nation. Below, they go over a few important questions to ask when shopping for homeowners insurance:

1. How Much Coverage Do I Need to Rebuild My Home?

If you experience a total loss of your home due to a disaster, you want to make sure you have enough insurance coverage to provide the funds to rebuild your home from the ground up. It’s crucial to find out if your property is covered for its full replacement cost rather than its market value.

2. What Is Included in the Policy?

homeowners insuranceIt’s vital to understand everything covered under your homeowners insurance policy. Inquire about the types of disasters included, especially floods and earthquakes if you live in a zone where these perils could potentially occur. Liability limits and replacement coverage are imperative for damaged or stolen possessions. You don’t want to find out after it’s too late that you were inadequately insured in any of these areas, and you may even add enhancements to your policy.

3. How Much Is My Deductible?

A deductible is the amount you’re required to pay out of pocket before your insurance covers the rest of a claim. It’s essential to know what deductible you’re agreeing to, so you can still pay it if the need arises. The higher the deductible is, the less you can usually expect your premium to be. 

Your homeowners insurance agent will serve as a helpful resource and guide when navigating the marketplace. Asking the right questions will make it significantly easier to select the best policy. Call (417) 926-7900 to speak with one of our knowledgeable insurance specialists at Steven Hall – Farmers Insurance, or visit us online to request a quote.  

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