As one of the biggest investments you may ever make, buying a home comes with a great deal of financial risk. This is why it’s important to have adequate homeowners insurance. However, with so many different types of coverage available, customizing a policy suitable to your specific needs and budget can be challenging. Making the wrong selections could leave you underinsured, or it could force you to pay a higher premium than necessary. Here are a few tips for choosing the right plan.

A Guide to Purchasing Homeowners Insurance

1. Explore All Your Coverage Options 

When you own a home, you’re vulnerable to disasters that have the potential to cause significant financial hardship. It’s essential to identify what these are and review all the coverage options that can help minimize your risk. While a standard homeowners insurance policy includes coverage for liability, personal property, and structural damage, you may find that you need additional endorsements if your limits aren’t high enough, you own especially valuable items, or you live in an area that’s prone to flooding or heavy winds. 

2. Get Multiple Quotes 

It’s best to obtain multiple quotes when shopping for coverage, as this will ensure you’re getting the best deal available. Rates can vary considerably from one insurer to the next. The easiest way to do this is to find an independent agent who works with several providers rather than a single one. They’ll help you compare policies and prices and will explain which will most suitably fit your circumstances.

3. Research Insurance Companies

Picking the right insurer is just as important as choosing the right policy. Choose a company that’s in good financial standing and has a solid track record for paying claims fairly and promptly. Research various carriers and check out their customer ratings. This can make all the difference in how smoothly your claims process goes, should you need to file one in the future.

4. Ask About Discounts 

Most insurers offer discounts for meeting certain criteria, but these aren’t always advertised. You can often receive substantial savings for bundling policies, installing safety and security features, raising your deductible, working in a certain profession, or being over the age of 55. Be sure to ask your agent how you can lower your premium. 

If you’re ready to start shopping for homeowners insurance, turn to Zimmerman Insurance Agency for help. They’ll provide you with the personalized service you deserve, and as an independent agency, they can give you access to a wide variety of coverage solutions at competitive rates. Since 1963, they’ve proudly operated as the premier source in High Point, NC, for quality products that clients can count on to protect their most valuable assets. Call (336) 883-6512 to request a quote, or visit them online to learn more about their offerings.