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Once you’re fortunate enough to find the home of your dreams, it’s time to start thinking about how you’ll protect it. Should disaster strike, homeowner’s insurance will provide the funds you need to repair or replace your residence and personal belongings. However, choosing coverage isn’t usually a cut-and-dried process, so it’s important to understand a few things before you start shopping.

Action Auto Insurance Agency offers New London, CT, residents quality insurance products for their most valuable assets, but before signing them up, they take the time to educate their clients on what to look for in a policy, as well as what they can expect. Below, the experts explain what you will need to know to purchase adequate home insurance:

  • What to Go Over With Your Agent: Insurance is complicated, so it’s important to go over a few things with your agent to ensure there are no misunderstandings regarding your coverage. First, you must find out in detail what is included and excluded in your policy. Standard homeowner’s insurance plans to cover specific named perils and excludes others. Next, you should discuss the limits of your coverage to determine the maximum amount of compensation you will receive from a claim. Finally, you need to select a deductible that you’ll be responsible for paying out-of-pocket before your insurance takes over the rest.

homeowners insurance

  • Factors Used to Establish Your Rate: Your monthly premium will be decided using several factors. Your agent will assess your risk level by looking at elements such as the age and condition of your home, the materials it is constructed from, its location and the crime rate of the neighborhood, your proximity to the fire department, and the number of claims you have filed in the past. Also taken into consideration is the replacement cost of your house should you need to rebuild after a disaster.
  • Discounts You Might Be Eligible For: It’s logical to save as much money as possible on your homeowner’s insurance, and fortunately, there are many ways to do so. Most providers offer a variety of discounts, so ask your agent what you qualify for. Deductions are generally given for bundling home and auto insurance policies together, having a good credit score, installing additional safety features, and choosing a higher deductible.

Having the right homeowner’s insurance will put your mind at ease knowing your largest investment is properly protected in the event of an unexpected situation arising. Contact Action Auto Insurance Agency at (860) 444-7224, or visit the website to inquire about receiving a free quote. 

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