Most homeowners rarely spare a thought for their home insurance policy until they need to file a claim. However, since homeowner insurance is the only thing protecting your most valuable investment, it pays to spend some time making sure your policy is really right for you and your financial situation. 

Daniel Oliver, a registered Farmers Insurance Agent in Minneapolis, has some tips for making sure you're covered:

• Your mortgage provider will probably require you to carry homeowner's insurance, but you don't have to buy from any particular company. Compare policies and insurance rates from at least three different companies, and shop for value rather than the lowest possible price.
• Insurance companies offer a wide range of options, so make sure you understand what's covered in the policy you're considering, and remember that additional coverage for floods, earthquakes, and valuable property may require purchasing additional riders or amendments.
• Insurance premiums are based on the amount of risk involved, which means you can lower your premiums by installing alarm systems or making other improvements. Ask an insurance agent about any possible discounts you might qualify for.
• Read the fine print, paying particular attention to whether the policy covers replacement cost or market value for your home, since there may be a wide gap between these two prices in some areas.

Consulting with an insurance professional is the best way to ensure that you have the coverage you need, so visit Daniel Oliver, Farmers Insurance Agent, online, or call (952) 925-4454 now to set up an appointment and start protecting what matters most.