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If you have a mortgage for your home, you are required to carry homeowners insurance. While you may be tempted to try to cut corners on your policy to save some money, being underinsured means you could end up paying more when you need to file a claim. Barron Mutual Insurance Company serves eight counties in Wisconsin, and they put their 126 years of experience to work to get you just the right amount of homeowners insurance coverage. 

Some of the most common mistakes made when buying insurance include:

  • Choosing Coverage Based on Real Estate Value: Real estate markets can fluctuate dramatically, so it makes more sense to insure your property for the cost of rebuilding, which can be higher or lower than your home’s market value at any given time. You can end up shortchanged if there's a fire and the market is in a slump, so have your insurance agent estimate the replacement value to select the right policy.
  • Opting for the Cheapest Premium: Some homeowners insurance companies offer much lower premiums than their competitors, but you’ll want to make sure the low price doesn’t come with poor service. When you need to talk to an adjuster to get a speedy claim on your damaged property, it pays to have a high-quality insurer working for you. Check consumer reviews before you commit.
  • homeowners insuranceEliminating Flood Insurance: Many flood maps mortgage lenders use to determine the risk to your property were created decades ago. With improved science and weather forecasting, your property may be at risk, even when your local municipality says it is safe from rising water. Climate change means more places than ever before are subject to severe weather and flooding risk, and this insurance must be purchased separately to ensure you’re covered.

When shopping for homeowners insurance, talk with your insurance agent to ensure your property and pocketbook are fully protected against loss. To learn more about your options, call Barron Mutual Insurance Company in western Wisconsin at (715) 537-5141, or visit their website for additional details. 

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