Buying a home is a big and exciting accomplishment but, still, it is daunting to move into a new home for many reasons. As a new homeowner, you have so many things to think about: moving, meeting your new neighbors, ensuring your electricity and water work right, and, of course, decorating your new space. With all the things that you have on your plate of those things being more stressful than others, you might overlook thinking about homeowner’s insurance.
At Northeast Nebraska Insurance, we know how important it is for every homeowner to get the right homeowner’s insurance coverage for their own situation. In other words, you shouldn’t avoid looking into homeowner’s insurance. We understand how stressful it can be to research homeowner’s insurance on your own, because you never want to think about a time when you’d need it. But even so, you need to research policies and get homeowners insurance coverage. Let’s talk more about what you should know about homeowner’s insurance, here.
Sometimes Your Current Insurance Company Can Get You Coverage
Right now, you’re probably either renting a home or an apartment or you’re living in a different house that you own. Whatever your current living situation is, it’s likely that you can talk to the agent who supplies your renter’s insurance or your current homeowner’s insurance, to see if they can give you quotes for your new home. Talking to your current insurance agent, if you have one, is a great place to start as you shop around for homeowner’s insurance.
You Need to Determine What Your Coverage Needs Are
Depending on several factors, the amount of coverage you’ll need will change. Things like where your house is located, the age of your home, your home’s conditions, the features inside and outside your home, your credit score, what your deductible is, how many claims you’ve submitted in the past, and more can all effect how much coverage you’ll need.
If you have any questions about how much coverage is right for you, you can always reach out to an agent. Our team at Northeast Nebraska Insurance is always happy to help you determine the coverage amount that works for you.
Comparing Quotes Is Crucial
If you’re buying a new pair of shoes, for example, it’s very likely that you’d want to shop around so that you can see what the department stores and the shoe stores around town are selling shoes for. After looking at all the shoe prices, you would make your decision based on price and the quality of the shoe. Shopping for homeowner’s insurance is the same-you want to get multiple quotes before settling on a policy.
Once you have quotes from several insurance companies, you can compare and contrast how good the coverage is and how good the prices are, to determine which insurance policy you’re going to use for your homeowner’s insurance. If you only get one quote, you might have to pay more than you should have to pay, so always shop around.
Follow the 80/20 Rule
When you’re determining what kind of coverage will work best for you, remember that it’s crucial to follow the 80/20 rule. The rule simply refers to the fact that homeowners need to have insurance policies that cover at least 80% of their home’s total replacement cost. If you do not have this, you cannot receive full coverage.
Ready to Secure Homeowner’s Insurance? Choose Northeast Nebraska Insurance
You probably insure your car and you probably have health insurance, so, if you’re buying a home, you can’t forget to invest in homeowner’s insurance. For more information about our policies at Northeast Nebraska Insurance, contact us. We are here to make things less stressful for you!