Home Buying Tips: Homeowner’s Insurance


After looking at so many beautiful homes you have narrowed down the choice to a few. One way to narrow down the list is to get a homeowners insurance quote. It is possible to learn how much homeowners insurance will cost before buying the home. Start shopping around for quotes well before closing the deal. Lots of lenders require homeowners insurance as part of the loan. It would be wise to have one around the time you choose the home of your dreams.

Gather insurance quotes over the phone or online. Either method will come with extensive, specific and thorough questions about your new home. Factors influencing how low or high the quote will be are the following:
• The age of the home
• Location
• Electrical, heating and plumbing systems
• How disaster-proof it is
• The fire department (how close it is and the quality of it)

Have a local agent to help you with some of the questions. A local agent can also help with home insurance features and make recommendations for any budget. Brian O’Connor from “Paradiso Insurance” says ” Getting the right type of insurance for your home is crucial. You do not want to over or under insure your home, and proper guidance is key” Brian can be reached at 860-805-7001 for all your insurance needs.

Home insurance policies should offer a replacement cost to fix damages to the home. There should be a clause saying that they will cover it even it costs more than the policy. Watch out for ones that will not cover more than the policy. Avoid policies with an actual cash value because depreciation is a factor in giving you less than you deserve. It should cover damages too your belongings. Use the add-on or rider part of the policy to increase the value (because it only covers damage to the home) to cover the cost. Personal liability insurance is included. Insurances should also cover theft, break-ins, vandalism and storm damage. Don’t assume because you can’t read the mumbo-jumbo in the policy that everything is covered. There are some things home insurances won’t cover. Let the agent guide you through these shark-infested insurance waters to the best insurance for the home.

Make homeowners insurance a deciding factor in home buying. These home buying tips are helping you to be one step closer into owning your own home. Contact us for more information.

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Michelle Manter Giglietti

Owner~Realtor at Manter Realty Group of Keller Williams
Top Producing Realtor and recognized blogger. In her free time you can hear her screaming fore at the local golf course,or catch her at home enjoying fresh cooking and a glass of wine with her husband and favorite 6 pound Morkie named Pedro.
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