If you own a home, you have to deal with a number of potential threats throughout the year. From storms to burglaries, there are countless risks from which to safeguard a residential property. That’s why homeowners insurance is such a valuable asset. According to the team at Northern Kentucky Home Insurance Company, it helps to have some background information before securing a policy. Here, they offer three tips for buying homeowners insurance.

How to Secure the Best Homeowners Insurance Policy

1. Cover All Your Bases

To begin, your policy should cover all of your home’s needs, as well as certain events you may be prone to. For example, if you live in a rural area and have barns on your property, you might want to add coverage for farm structures. If you live in an area prone to a certain natural disaster, like earthquakes, make sure your policy covers this scenario.

2. Consider Deductibles

The deductible is the sum of money you’ll have to pay before your insurance provider steps in to cover the rest of the damages based upon your policy’s coverages, limits, and allowances. If you have a high deductible, your monthly payments will be lower, while a lower deductible will result in higher monthly premiums. Talk to your insurance provider about which route is best for your home, and make sure you can afford to set aside your deductible for a future emergency. 

3. Revisit Your Policy

As the years go by, your family will grow and develop, and you may upgrade your property to complement it. As these changes occur, make sure to sit down with your provider every year and go over your homeowners insurance policy. In some cases, it may not sufficiently cover a home addition or remodeling job. In other cases, you may be able to get a better rate—such as by installing a home security system. 

If you’re looking for a homeowners insurance policy that will protect your family and your property, call Northern Kentucky Home Insurance Company today at (859) 635-2500. In business since 1901, they will gladly help you find the policy that’s right for you and your abode. For more information on their offerings, visit the website.