Two Things To Keep In Mind When Purchasing Homeowners Insurance

About Me
Navigating the World of Insurance

The world of insurance is changing. While you used to have to meet up with an insurance agent in person to discuss your policy options, you can now begin a new insurance policy right online. When I first signed up for an auto insurance policy, I realized that signing up right online led to confusion when I didn't have an agent with me to discuss which policy was best for me. Thankfully, I realized I could chat with an agent right on the website. I then began researching insurance and learned a lot about many types of insurance during the process. I find the ever-changing world of insurance so interesting that I continue to research it and thought that I would help others by posting what I learn on a blog. I hope I can help you make good insurance policy decisions! Check back often for new posts!


Two Things To Keep In Mind When Purchasing Homeowners Insurance

18 August 2021
 Categories: Insurance, Blog

Covering your property with homeowners insurance is an incredibly smart move. Insurance can really come in handy if you ever deal with a sudden, unexpected loss such as a burglary or in case someone is injured on your property. Getting your first homeowners insurance policy is exciting but it can also be a bit nerve-wracking. What should you include, and what is protected by the plan? Before you purchase your insurance coverage, here are a couple of things you need to know.

Termite Protection May Not Be Included

There is always a chance that your home will be invaded by bugs. The spring season is notorious for ushering in insects, and it's estimated that approximately 38 percent of the US adult population worry about finding termites in their houses. With so many people being concerned about termites it can come as quite a surprise to realize that many homeowners policies do not include protection for bug infestation. It's vital for you to find out if the one you plan to purchase does offer termite coverage and, if not, determine how you'll get a standalone policy!

Termites do untold damage to a home. The critters can eat through the beams behind walls and chew through floorboards. If you don't know what to look for, you may not even be aware of the existence of termites until it is too late. At this point, there isn't much you can do except fork over the cash if you don't have insurance protection.

Ask your insurance representative if your policy will include coverage for termite/insect damage. If the answer is no, check with a local pest control company to see if they can provide you with a plan to couple with your homeowners insurance policy for extra protection.

Loss Of Use Coverage Is Important

You should also get as much loss of use coverage as you can possibly afford. This portion of the policy provides you with funds that can be used in case you aren't able to stay in your abode for some reason. For example, if a fire breaks out and you need to reside in a hotel for a stint, you won't have to worry about figuring out where to get the money for your room.

Knowing what to include in your policy and what to ask is the key to getting the right protection. When you are getting your home insurance, remember these tips so you can make the best choices.