3 Things to Consider When buying a home
When buying a home, it’s important to think about your insurance and not just what type of floors you want. We have put together our top 3 house buying tips that relate to your home insurance!
Research Before You Buy
Know what you’re getting into and what risks are involved before purchasing a house. Research the location and look into aspects that can affect your premium, such as the neighborhood crime rate and distance to a fire station.
Know The Difference Between Replacement Cost vs. Market Cost
Your insurance will traditionally be based on the replacement cost of your home. Replacement cost is the cost to rebuild your home with similar types and quality materials. You’ll want to be sure that this amount is enough to cover a total loss.
Talk To An Expert
The best way to determine your coverage needs is by speaking with an independent agent. Your agent will review your situation, house, and location to make the best policy recommendation for you. Your agent can also explain the details of your policy and optional coverages you may want to add.
