What Do You Need to Remember When Getting Homeowners Insurance?

To get the best homeowners insurance possible for your new home purchase, I have a few tips for you to remember.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

When getting homeowners insurance for your new home, there are a few things you need to keep in mind.

According to Megan Brooks of Liberty Mutual Insurance, you first need to make sure you’re getting a fair quote. Megan refers to these opportunities as “watershed moments” because they represent a good time to shop around. You can get a quote from whoever your rental or auto insurance provider is, but don’t be afraid to get a second opinion somewhere else just to make sure they’re competitive. You can always ask your Realtor for a referral.

Second, consider the replacement value of your new home. You might think you’re getting a really great deal, but the goal of any homeowners insurance policy is to make sure you’re replacing the home in full in case a disaster happens.

The goal of any homeowners insurance policy is to make sure you’re replacing the home in full.

The sooner you can start looking for homeowners insurance, the better—especially for the lender’s sake. This way, if there are any items the homeowners insurance agent needs, they can be provided quickly. A proposal only takes a few minutes if you have all the necessary information, and if they need anything supplemental, they can always request it online from another agent.

What kind of information does the agent need? Generally, they’ll want to know the home’s square footage, what kind of flooring and fixtures it has, whether the basement is finished or not, and other information that typically goes into the home inspection. If you’re there for the home inspection, you’ll get a good idea of what this entails.

Lastly, there are many benefits to bundling together your home insurance and your auto insurance. Bundles aren’t limited to auto insurance, either. You can also include life insurance and, soon enough, pet insurance.

If you have any more questions about homeowners insurance or you’re curious about any other real estate topics, don’t hesitate to reach out to me. Also if you would like to speak with Megan directly please fell free to call or text her at 614-372-9858 or email her at megan.brooks@libertymutual.com We would be happy to help you.