Buying your first home is a dream come true for many people; now you’ll need to protect it. Home insurance provides a vital umbrella of protection over your most valuable investment. However, choosing the right policy can be overwhelming for first-time home buyers. If you’ve just bought your first home, consider the factors below before choosing a policy.

4 Factors to Consider When Choosing a Home Insurance Policy

1. The Value of Your Home

If you bought your house with a mortgage, your lender will require you to carry enough insurance to cover the loan. However, if the house is destroyed in a fire, for example, this level of coverage may not be sufficient to rebuild. To ensure you have the resources to recover, choose a home insurance policy based on the replacement cost of your house.

2. The Monthly Expenses

Although monthly expenditures shouldn’t be the most critical factor in choosing a home insurance policy, it’s a crucial consideration. When comparing policies, choose a policy with premiums that fit your monthly budget.

3. The Deductible

Every home insurance policy specifies a deductible, which is the amount you’ll be expected to pay before your carrier honors a claim. Generally, policies with higher deductibles have lower monthly premiums. When you set your deductible, consider your savings. You should have enough cash on hand to pay your share without having to borrow.

4. The Insurer’s Level of Service

If your home is damaged in a covered event, your carrier’s level of service may be more important than the expense of repairs. An insurance company with a strong reputation for quality customer service, a convenient claims process, and high-tech communication tools will take a lot of stress out of emergencies.

A.W. Adams Insurance has been helping homeowners protect their valuable investments since 1965. They proudly serve Georgia residents in Clayton, Tiger, Wiley, Tallulah Falls, Sky Valley, Lakemont, Lake Burton, and Lake Rabun, offering detailed advice and policies backed by the nation’s best carriers. Visit their website to learn more about their home insurance services, follow them on Facebook for more tips and advice, or call (706) 782-5100 to request a free quote.