When you become a homeowner, there are certain precautions you need to take to properly protect your biggest financial investment. Obtaining home insurance is an essential part of this. In case of theft, natural disasters, and certain accidents, the right policy can be your saving grace. Although it isn't legally mandatory, most mortgage lenders require the coverage. To help you figure out how to pick the best home insurance policy, consider the following.
Search for special rates.
Research is always a smart investment, and when it comes to home insurance, it pays to look around for any special rates. Certain companies offer discounts for things like having a security system or a water protection system installed, so if that applies to you, don't forget to mention it when inquiring about a quote. You may even get a discount if you’re a first-time homeowner!
Pore over the policy.
Very basic home insurance will cover problems caused by major catastrophes such as fire, lightning, and hail as well as vandalism and theft. However, coverage for flood or hurricane damage isn’t typically included. If you live in an area that's more inclined to these weather-related events, make sure it’s explicitly covered in the policy.
Automatically bundle with other policies.
It might seem convenient, but it's not always cost-effective to bundle your insurance policies together. Even if you need both a new home and auto policy, be patient. Going back to the first point, take the time to check and then double-check the specifics. A home insurance agent can help you make sure you’re choosing the best policy for you.
Insure the land outside of the home.
Unless the land is used for business purposes, you generally don't need to have it included in your policy. However, if you have or plan to invest in significant landscaping, you may want to include it just in case something like a storm tears up the entire area.
If you're in the Enterprise, AL, region and need home insurance, contact Enterprise Insurance Services. Their dedicated team will work with you closely to find the best policy to fulfill your needs in Enterprise, Daleville, Dothan, or Ozark. Already have your home covered? This insurance company offers auto, business, and life insurance as well! For a free, no-obligation quote, visit their website or call them today at (334) 347-9133.