When buying a home, many people opt for the most inexpensive insurance policy they can find—only to realize they don't have quite as much coverage as they thought. As an independent agency serving Oakland and surrounding communities in Southwest Iowa, Hummel Insurance Services urges you to contact them for a free homeowners insurance policy review every year, or (and especially) after any major home improvements.

When selecting coverage, these industry experts recommend you:

• Secure Multiple Quotes: Get in touch with at least three carriers and ask them for quotes on policies with similar coverage amounts and deductibles. Compare terms carefully, and don't focus too much on price. Research each company and read testimonials to gauge the speed of their service, how easy it is to file a claim, and whether or not they pay promptly. If an emergency arises, you'll be glad you did.
• Assess Replacement Value: As long as you have enough insurance coverage to pay off your mortgage, your lender should be satisfied. However, if your home is destroyed, standard policies won’t cover the rebuilding costs. To ensure you have all the protection you need, talk to your homeowners insurance agent about safeguarding your biggest investment with a replacement value insurance policy.
• Adjust Your Deductible: A deductible is an out-of-pocket contribution, the amount you must pay for a claim before your insurance agency steps in to cover the rest. Choosing a higher deductible means you’ll be responsible for a larger percentage of potential damages, but the subsequent decrease in your monthly premium may be worth it.

Since 1944, Hummel Insurance Services has been committed to providing excellent service and building lifelong relationships with all of their clients. As independent agents, they offer an extensive selection of policies from some of the industry's top insurers. Visit their website or call (712) 482-6424 for a homeowners insurance quote today.