When you’ve finally saved up and found your dream property, it can be an incredible feeling. However, before closing on the house, there are a variety of tasks that should be dealt with. For example, you should buy homeowners insurance to protect your investment and belongings. If you’re worried about making a mistake when securing a policy, use the following guide to avoid the most common ones.

Common Mistakes First-Time Homeowners Make When Buying Insurance

1. Bargain Hunting

When it comes to the policy that will protect your home and prized possessions, avoid getting the most inexpensive option. The bargain will end up costing you, should a disaster strike your home. Instead, look for a policy that checks all the boxes, including coverage for high-value items, before checking the price.

2. Not Taking an Inventory of Expensive Valuables

One of the most important aspects of homeowners insurance is coverage for valuable items inside your home. If they are ever damaged or destroyed, you can obtain compensation for them. However, unless you take stock of these items and report their values to the provider, they won’t be covered. Avoid this mistake by taking photos of your most expensive items and writing down how much they’re worth. 

3. Overspending on Upgrades

If it’s your first time buying a home, you might have heard that making certain modifications to your living space will afford you some discounts on your homeowners insurance premiums. However, whether you upgrade your home security system with motion sensors and cameras or replace your siding, keep in mind that the discount likely won’t make up for the full cost of the improvement. Instead, make upgrades based on your wants and needs, not your insurance policy.

When you need affordable, comprehensive coverage for your first home, reach out to Town and Country Insurance Agency in Waynesboro, VA. Led by Leslie Sandridge, this respected agency is committed to helping renters and property owners throughout Augusta County. In addition to homeowners insurance, they offer auto coverage, as well. For more information on their selection, visit the website. Call (540) 221-2465 to speak to a staff member.