Choosing homeowner’s insurance can be challenging. There are so many options for coverage, and it’s not always easy to decide which types of coverage you should go for. If you’re a new homeowner choosing a policy, it can certainly be an overwhelming feeling.
Here are a few questions you should always ask when you start comparing agencies that offer homeowners insurance Newark DE.
How Much Will Your Home Cost to Rebuild?
If your house is destroyed by a fire or storm, you’ll need to rebuild from scratch. When shopping for insurance, make sure your agent is knowledgeable on home values and the costs associated with construction in your area.
Do You Need Flood Insurance?
If you live in an area commonly affected by tropical storms or hurricanes, you may need to consider a separate flood insurance policy. It might surprise you to find out that not all standard policies cover flood damage, which can be an unfortunate surprise for many homeowners after a storm comes through.
How Much of Your Personal Property Will Be Covered?
Sadly, your personal property won’t be spared when your home is destroyed. However, a good homeowner’s insurance policy will help cover the cost of all or most of your belongings.
Do You Need Liability Insurance?
Liability insurance will cover you if someone gets injured on your property or if you cause damage to someone else’s property. Also, if you have to go to court or payout damages for a lawsuit, liability insurance will cover you.
Are There Any Discounts?
Insurance can be expensive. However, you may be eligible for discounts. Make sure you ask your agent what discounts might be available to you.
In addition to asking the questions listed here, make sure you do your own research on other aspects of homeowner’s insurance that might be confusing to you. If you’re armed with knowledge when you sit down to talk rates, you’ll be in a much better position to get the best deal.