Homeowners Insurance Mistakes To Avoid

Couple holding miniature house in handsHome Insurance Mistakes

Looking for the right homeowners insurance policy can be very stressful. With all the options that are available, it can be easy to get overwhelmed. Make sure to avoid these common homeowners insurance mistakes to ensure that you invest in the policy that will provide the right amount of coverage for your needs.

  • Choosing the cheapest policy – while buying the cheapest home insurance policy that is available may seem like the best way to save money, it can actually end up costing you money in the long run. The cheapest policy probably also comes with low coverage limits, which could lead to you having to pay for damages out of your own pocket.
  • Not buying enough coverage –first time home insurance buyers mistakenly base their coverage needs off of the value of their house. However, when determining just how much coverage you need, you should base it off of how much it would cost to rebuild your entire house if it is a total loss.
  • Assuming you are covered from any natural disaster – while home insurance policies will provide coverage in case of many different perils, it will not provide coverage for every disaster, such as floods or earthquakes. Investing in separate flood and earthquake insurance policies is the only way to ensure that you and your house are protected.
  • Not taking advantage of discounts – just like with other insurance policies, there are many discounts that are available that can help you save hundreds or thousands of dollars a year. Make sure to work with your insurance agent to ensure that you take advantage of every discount that you qualify for.

To ensure that you have the right amount of homeowners insurance, all at the right price for your budget, contact the insurance professionals at Desert Empire Insurance in Palm Desert, California.