If you’re shopping for homeowners insurance, you may have a lot of questions. Getting the right answers will help you make an informed decision and receive a comprehensive and affordable policy. The following are a few questions to keep in mind when your searching for coverage.
What to Know About Homeowners Insurance
What Does a Policy Typically Cover?
Home insurance protects against personal liability, costs related to medical expenses, and damage incurred by your home. It may not cover some instances of damage, such as those caused by flooding or earthquakes.
How Will I Know if I Have Enough Coverage?
Since every person's coverage is different, it’s important to speak with your insurance agent about the best options for you. For instance, your home insurance policy may not cover certain incidents and you may need supplemental insurance as a result. When calculating the right amount of insurance, consider the overall value, how much repairs will cost, and the age of the home.
Can I Insure Other Buildings on My Property?
Yes. Many homeowners insurance policies offer this protection. This can include buildings like sheds, free standing garages, and guesthouses. You can also secure coverage for personal belongings, such as furniture, appliances, and clothing.
How Can I Lower Premiums?
Know which factors affect your price. This includes how many and what kind of safety devices you have in the home, if you have a history of insurance claims, where your home is located, and how old your home is (older homes tend to entail higher premiums).
Your home is your most valuable investment, and protecting it requires the right insurance. The team at Farm Bureau of Mebane-Caudill Agency has two decades of experience advising clients and has earned a reputation for dedicated service. Learn more about how to secure a solid policy, including homeowners insurance, by visiting the website. Call (919) 563-3276 to set up a consultation at the Mebane, NC, office.