Buying a home for the first time is an exciting life accomplishment. Ultimately, your home purchase is likely to be one of the largest purchases you make in your lifetime. As such, you should make sure to choose the right insurance to protect your investment. In this blog, we offer tips for purchasing home insurance for the first time!
Be Sure to Shop by Home Type
What type of home are you buying? A historic home built in the early 1900’s? A brand-new build? A condo? Regardless of where you plan to hang your hat at the end of the day, there are sure to be specific insurance policies that offer maximum coverage at the best price for your situation.
Choose Your Coverage Amount
There is no minimum coverage that you have to meet for your home insurance, but that doesn’t mean that you should always opt for the cheapest policy. Being underinsured can be quite costly in the long run, so opting for a policy that covers the cost of a full home rebuild is the safest option and our best recommendation.
Research Your Home
The last thing you want is for your new home to require expensive maintenance right out of the gate. Be sure to do your due diligence and inspect the history of the home for things like sewage issues or leaking. If you know that these things could happen in the future, you can select your policy accordingly to avoid any unwelcome surprises to you and your wallet.
Pay Attention to the Deductible
If your home is damaged and you need to make a claim, you will have to pay a deductible up front in order to kick off the repair process. Be sure that you shop for a deductible that is within your means to avoid any unneeded additional stress should disaster strike on your home.
Choose Home Insurance Coverage that Works for You at Freedom Insurance
We offer comprehensive, customized coverage from numerous major insurance carriers and make it easier than ever to find affordable policies that are exactly what you need. We have been serving clients throughout the greater Howard County and Carroll County areas since 1979, and we look forward to helping you and your family thrive. Get in touch today by calling (410) 795-2000 or requesting a free quote.