If you own a home, paying for homeowners insurance is a given—but you should still explore your options for the best deal. By learning about your policy and what it covers, you can ensure that you're not overpaying and avoid astronomical out-of-pocket costs from being underinsured. Make sure that your policy fits your needs by asking your agent the following three questions.

3 Homeowners Insurance Questions You Should Ask Your Agent

1. How Much Dwelling Coverage Does My Policy Provide?

One of the biggest issues homeowners run into is the coverage level of their policy. If your home is destroyed, you need enough coverage to play for the full replacement of your home including contractor fees, permits, and the replacement of unique elements. If your policy only covers the market value of your home, you risk facing substantial out-of-pocket costs to rebuild your home in the exact manner that it exists now.

2. Is Water Damage Covered?

Water damage coverage is often overlooked by homeowners until it's too late. Even if your home isn't at risk of flooding, it can still experience sewer backups and burst pipes which can cause extensive damage. Repairs for such issues involve replacing building materials as well as mold and mildew remediation, which can be costly if you're forced to pay on your own.

Most insurance companies require a completely separate policy for anything connected to water-related damage, and usually, it comes in the form of flood insurance. If your current policy doesn't cover water issues, ask your agent if your provider will allow an endorsement to be added to the policy to make sure you're properly covered. If not, you should consider purchasing a separate policy.

3. Are Non-Dwelling Structures Covered?

Structural coverage outside of the main dwelling is another area of contention when it comes to homeowners insurance policies. Things like detached garages, sheds, and barns aren't covered with the main dwelling component of your policy. However, unlike water damage, non-dwelling structure coverage can be added with ease. Be sure to let your agent know when they're quoting policies that you need a plan with additional property protection so that you don't face out-of-pocket repairs or replacement expenses.
 

Rest assured that your home and property is safe and secure with the help of BestRate Auto Insurance. With locations in Statesboro and Vidalia, GA, the team works to find their clients the best rates on home, motorcycle, and car insurance policies regardless of their driving record or credit history. Request your quote today by calling (912) 489-5942 for their Statesboro location or (912) 403-3250 for Vidalia. Also, take a minute to learn more about their homeowners insurance options by visiting them online.