Essential if you're buying a home, especially on a mortgage. It covers damage to the property like walls, roofs, and fixed fixtures from fire, flood, and other risks
Protects your belongings from theft, fire, flood, and other damages. Consider the total value of your possessions and ensure the policy covers them adequately
Be aware of the local climate and natural disaster risks. Standard policies may not cover extreme weather or "acts of God". Ensure your policy covers relevant natural disasters like floods, earthquakes, or hurricanes
Even if not in a high-risk flood zone, consider flood insurance. Home insurance may not cover flooding from external sources like overflowing rivers or heavy rainfalls
The cost of rebuilding your home and the type of construction (e.g., brick vs. wood frame) can affect insurance costs. Regularly reassess your home's value to ensure sufficient coverage
Choose a deductible that balances lower premiums with the financial burden you can handle in case of a claim
Your credit score can impact insurance premiums. A better credit score might lead to lower premiums
Consider liabilities like swimming pools, trampolines, or wood stoves that might increase insurance costs. You may need additional liability coverage
Homes with security features like deadbolt locks, smoke detectors, and burglar alarms generally cost less to insure
Inform your insurer about major home changes, such as renovations or business use of the home, as these can affect your coverage and