Don’t forget to ask these questions when shopping for homeowners insurance.
Being an informed customer means not only reading your homeowners insurance policy closely but also asking experts what constitutes the right type, and amount, of coverage you need for your home!
Knowing the basics of any policy is essential. Homeowners should also ask a series of questions and receive satisfactory answers before buying into a policy, too.
Here are the four questions that you need to ask your insurance agent:
What is the coverage and what is excluded?
Homeowners insurance is one of the broadest coverages. Knowing exactly what is covered is important but knowing what is excluded is imperative to know where to fill in the gaps. While a flood from a burst pipe may be covered, flooding from torrential rain may not be. For the latter, you’ll need a separate policy! Note if your content coverage reimburses the purchase price of your contents or the depreciated value. Knowing the ins and outs of your policy is worth the time, trust us!
How much is the personal property in my home worth in the event of a total loss?
Take a home inventory before shopping to determine the total value of all of your possessions. This allows the insurance agent to pair you with a policy that protects all of your belongings. Your policy should cover the cost of replacing all personal property should it be stolen or destroyed by a fire, hurricane, or another covered peril.
How much liability protection do I need?
Liability covers you against lawsuits for bodily injury or property damage that you or your family members cause to other people. Simply put, if you have significant assets that you could lose in the event of a nasty lawsuit, you’ll need more liability protection.
Do I qualify for discounts?
Many insurers discount a policy if the home is fitted with smoke detectors, burglar alarms, and deadbolts in the house. If you bundle all of your insurance policies together with the same insurer, you could be in store for supreme savings!
Looking for an ideal policy that’s tailored to your needs? Contact Gee Schussler Insurance Agency in Orland Park, Illinois to learn more about a homeowners insurance that suits your budget, and home!
