New Homeowners' Guide to Home Insurance

If you’re thinking of buying a new house or just looking around, you must know the essence of home insurance. Aside from protecting your home from damage and other unfortunate events, home insurance also protects you from financial losses.
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With this, acquiring home insurance might be your next suitable investment after getting a house of your own. If you’re a new homeowner, here’s what you need to know about home insurance.

Home Insurance Tips for New Homeowners

1. Look for options.
   While some insurance companies might have excellent coverage offerings, they might not have friendly agents. On the other hand, some companies might have more expensive rates but have great agents. With this, it’s essential to compare what companies have to offer.
   
   Purchasing an insurance policy takes a significant amount of time, so it’s recommended that you find agencies with good reviews. Moreover, experts suggest that you find people who can recommend the company to you.
   
   
2. Know your house’s valuation.
   If you’re new to property acquisition, you might’ve paid more or less than your home’s market value. Experts from Fox Business suggest that you find assessors to calculate the value of your home accurately. 
   
   Insurance agencies consider your home’s value. Not knowing what it is might make you insure the home for less than it’s worth. Additionally, you might also pay higher premiums if your home’s overvalued.
   
   
3. Ensure safety.
   Some agencies offer lower premiums for homes with security systems. Adding a burglar alarm connected to the local police department can give you a 15-20% discount. Even a simple deadbolt can help lower premiums by 5%. 
   
   With this, ensuring that your house is safe and secured can help you save tons of money.
   
   
4. Acquire policy bundles.
   Purchasing policies that can be bundled together can help you get discounts from some insurance providers. It could be a bundle of auto and homeowners insurance. Other providers also offer other bundles, including health and homeowners insurance.
   
   Looking for a provider that can offer bundles can also help lower your premiums by 10%. 

Final Thoughts
While acquiring home insurance might be challenging when you’re a new homeowner, it’s crucial to invest in financial security. Home insurance doesn’t only help you achieve that; it can also help you save lots of money in the long run.

At Black and Associates Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (509) 464-0058. Get your free quote today by CLICKING HERE.