Buying your first home is an exciting achievement, but finding the right insurance policy is usually less thrilling. Faced with a wide range of options and confusing terms, many first-time homeowners choose an option based on price alone, only to find that the policy they chose doesn’t offer the coverage they need. The tips below will help you select a homeowner’s insurance policy that fully protects your most valuable asset.

3 Tips for Choosing Homeowner’s Insurance

1. Buy Coverage Based on the Replacement Value

Homeowner’s insurance policies are based on either the market value of the property or how much it would cost to rebuild today. Due to inflation and rising material costs, rebuilding after a total loss would cost much more than the price you paid in most areas. Buying coverage based on the replacement value will ensure you have the resources to recover after a disaster.

2. Consider Additional Endorsements

While homeowner’s insurance does cover your personal possessions, some types of belongings are subject to separate limits. For instance, your policy may have $50,000 in personal property coverage, but only $1,500 may be used for jewelry. If you have especially valuable belongings, you may want to ask your agent about purchasing additional coverage.

3. Work With an Insurance Agent

Online tools make shopping for quotes easier than ever, but only an experienced professional can explain the options and help you make the best choice. Independent agents work with several carriers, giving them the ability to shop around and find a policy ideally suited to your needs.
 

If you’ve bought a house in Hall or Gwinnett County, GA, the agents at Barnes & Howell Insurance, Inc. have the expertise and resources to help protect your most valuable asset. Since 1993, their bilingual agents have provided detailed guidance and customized coverage options to new homeowners throughout the area, always striving to get their clients the best price possible. Visit their website for more on their wide range of coverage options, follow their Twitter for tips and advice, and call (770) 718-0202 to request your free homeowner’s insurance quote today.