Do’s And Don’ts When Insuring Your Home

Just like any other major investment getting a home insurance also has its specific list of do’s and don’ts. Often people overlook and ignore some information related to home insurance which are very important in the long run. Here is a list of some important things that you must keep in mind while insuring your home.

DO’S

• You should contact a reputed insurance agency that is authorized and qualified to advise you on how to insure your home in a proper manner. They have been in this business for a sufficient period of time and have knowledge and experience about the policies.
• You must answer all the questions honestly so that the insurance agent get to know about the surface area of your home and other configuration, construction style, unusual features, key improvements and your high value personal possessions.
• Adjusting the limits of your policy according to the replacement cost of your contents and items including art items, jewelry and antiques ensures better insurance in your policy agreement. This is known as ‘scheduling’ in the insurance industry and scheduled personal possessions are listed in a document with separate limits.
• You should not hesitate to ask about discounted insurance rates as there are many insurance companies that offer various concessions on the basis of home features, age and loyalty. If your insurance agent does not take up this matter you should raise it up yourself. 

DON’TS

• Do not rely on the appraised, anticipated or purchase price of your home to set the limits of your abode as this cannot give an estimate of the cost to be incurred to rebuild the house.
• You should not be tightfisted while purchasing a home insurance policy as a home is one of your biggest possessions and it should be properly insured.
• Do not undervalue the amenities and size of your dwelling to get a lower quote for premium.
• If you are including the land on which your house is built in the home insurance policy, according o the US Government, you will be overpaying. Your policy should only cover the cost of replacing and rebuilding the home.

We, at Shawn Camp Insurance Agency Inc., offer the best policies to our clients that are perfectly tailored to their needs and concerns. For more details about our insurance plans, you can call us at (254) 526-0535.