Home Buyer's Insurance Guide

by Administrator 20. November 2019 13:18

Every home buyer needs to have thorough understanding of insurance coverage as it offers financial protection in case of damage or theft. Homeowners insurance provides coverage for costs related to interior and exterior damage to the house, personal liability coverage, etc.

As homeowners insurance is one of the financial implications of buying a home, following are some useful tips you should know before purchasing home insurance:

  • Check The Limit On Personal Belongings: The amount of coverage offered by your insurance plan should be sufficient for your belongings. This includes furniture, clothes, jewelry, electronics, etc. Inquire whether some items have a sub-limit in which case you may have to buy an additional insurance coverage.
  • Exclusions: There are some things that are not covered in insurance plans. These exclusions depend upon the coverage type, coverage limit and state law.
  • Deductibles: A homeowners insurance coverage may include deductibles (amount of the claim that a home owner is liable to pay before the insurance plan pays for rest of the damages up to coverage limit). It is important to ensure that the amount stated as a deductible by an insurance company is within your budget.
  • Coverage: The amount of coverage offered will depend mainly on the state insurance policies. Homeowners insurance covers building of the house, attached structures, personal property, medical payments, etc. against perils such as windstorms, lightning, hail, fire, smoke, theft, vandalism, water damage, etc.
  • Extra Coverage: These include backed-up plumbing systems, lawsuits and other situations that are not covered by the liability coverage provided by standard homeowners insurance.
  • Pricing: The pricing of an insurance coverage depends on how expensive a house is, whether it is located in a low-damage area, the material used to make it, safety features installed, past claims, crime rate in the area, age of the house, type of home credit and insurance score, coverage selections (the more coverage you buy, higher the rate), amount of deductible, etc.


Shawn Camp Insurance Agency, Inc.
offers homeowners insurance to its customers. The range of coverage offered includes dwelling, personal property, loss of use, personal liability, etc. For more details on things to know about homeowners insurance, visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX – 76542. You can also contact: (254) 526 – 0535.

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