Buying your first home is exciting—but also a little overwhelming. Between the mortgage, the move, and the mile-long to-do list, it’s easy to overlook the importance of your homeowners insurance. But don’t worry—we’ve got you covered (literally).
Here are a few key things every new homeowner should know:
1. Your Policy Protects More Than Just the House
Home insurance isn’t just for the walls and roof-it covers everything inside too. That includes furniture, appliances, clothing, and even valuables (up to certain limits). It also includes liability protection in case someone gets injured on your property.
2. Understand Your Deductible
Your deductible is what you pay out of pocket before your insurance kicks in. A higher deductible usually means a lower monthly premium—but be sure it’s an amount you could comfortably afford if something happened unexpectedly.
3. Don’t Forget About Add-Ons
Some things aren’t covered under a standard policy-like flood damage, sewer backup, or expensive jewelry. Your agent can help you decide what additional coverage you might need based on your home’s location and what you own.
4. Keep an Updated Home Inventory
If you ever need to file a claim, it helps to have a list of your belongings (with photos or receipts if possible). It’s not something anyone wants to think about—but being prepared can make the process much smoother in an emergency.
5. Your Insurance Should Evolve with You
Planning to renovate? Buying new furniture? Installing a pool or security system? These changes can affect your coverage—and might even help lower your premium. It’s a good idea to check in with your agent once a year to keep your policy up to date.
Welcome to Homeownership
Your home is likely your biggest investment—make sure it’s properly protected. With the right policy (and the right agent), you can enjoy peace of mind from the day you move in.