These tips can help homeowners make good decisions when buying home insurance.
- Find a local independent insurance agency/insurance broker
- Ask that they compare your homeowner’s request with at least four companies to compare coverage.
- Make sure you’re getting adequate coverage. The replacement cost of your house is typically more than what you are buying the home for.
- Understand the details of your policy. There are many coverages that go into homeowners insurance. It is a pretty complicated product, make sure your insurance broker is educated on coverages and can explain all of them to you.