Your homeowner’s insurance protects one of your most valuable investments, so it’s essential to the choose your policy carefully. While price is always a top priority, other factors can impact your out-of-pocket costs and ability to get help when you need to file a claim. When comparing insurance companies, look past the premium prices and consider the elements below.

What Should Impact Your Homeowner’s Insurance Decision?

1. The Insurer’s Reputation

If a tree falls through your roof or someone breaks into your house, you need an insurance provider who will guide you through the process and pay the claim quickly. Before trusting an insurer to protect your home, research their reputation to find out what others have to say about their level of service. Consult the Better Business Bureau or a financial rating institution like A.M. Best or Standard & Poor’s for more information on your prospective insurer.

2. The Deductible

The deductible is your how much you’ll have to pay out of pocket for damages before your coverage kicks in. Generally, higher-deductible policies have higher premiums and may cost less over the long-term, making them a smart choice for most homeowners. However, make sure you can afford the deductible if the unexpected occurs.

3. The Coverage Limits

Every homeowner’s insurance policy should include enough coverage to completely rebuild if your house is destroyed in a covered event. A policy with lower limits may be based on the resale value of the home or how much you paid, which usually won’t cover the cost of new construction.

4. Available Discounts

Most insurance companies offer discounts for customers who take steps to minimize risk, like installing security systems or updating the roof. You may also be able to save by bundling your home and auto coverage or paying the entire policy in advance, so ask your insurance agent about discounts.

For help developing a homeowner insurance policy tailored to your needs and budget, contact Absolute Insurance Agency. Their experienced agents have been serving the Foley, AL, area for over 20 years, offering high-quality policies from the industry’s most trusted carriers, including coverage for mobile homes, motorcycles, and workers’ compensation. Visit their website to learn how they can help protect your future, or call (251) 942-6837 to request a free homeowner’s insurance quote today.