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Homeowners Insurance: Where to Start



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Homeowners insurance covers the value of your home, as well as all of your belongings inside of it, if something were to happen to them. It’s an important part of taking care of your family’s needs and securing your property, but it can be hard to know where to start when trying to find the right policy. Before researching for the best homeowners insurance companies in California, this guide will walk you through the basics of what homeowners insurance covers, how much you need, what some of its benefits are, and more so that you can feel confident about buying your own policy.

 

1. What is Homeowners Insurance?

Homeowners insurance is a policy that protects your home and its contents in case of theft, fire, or other disasters. This type of policy also covers liability in cases where you’re sued for bodily injury and property damage caused by negligence. Of course, each policy varies in terms of cost and coverage limits—that’s why it’s important to get a thorough understanding of what homeowners insurance is before signing up for a plan.

 

2. Why Do I Need Homeowners Insurance?

You’ve finally made it! You’ve bought your first home, and now you have two goals in mind—protecting what’s yours and getting insurance for your new investment. It sounds simple enough, but with all of the options out there today, determining what type of policy you need can be a little tricky. Homeowners insurance isn’t one-size-fits-all, so here are some things to keep in mind when considering coverage. Make sure you have both liability and comprehensive insurance so that if someone gets hurt on your property or if something gets stolen from your house or garage, you can be protected financially should anything bad happen.

 

3. How Much Does Homeowners Insurance Cost?

Homeowners insurance costs vary, and you can expect your premium to be influenced by several factors. Your credit score is a huge determining factor in how much you’ll pay for homeowners insurance; an excellent credit score can mean savings of thousands of dollars annually on home insurance premiums. The type of home you have matters, too—for example, a luxury home will typically cost more than a house that doesn’t have as many bells and whistles. Homeowners should also check what amenities are offered with their policy, as those extras come at an extra cost.

 

4. Homeowner Deductibles

Two of the most important factors affecting your home insurance premiums are your deductible amount and your credit score. The deductible is how much you’re required to pay out-of-pocket before an insurance company starts paying off damage, so choosing a high deductible can be a good way to save money on monthly premiums.

 

5. When Should I Get Homeowner’s Insurance?

You should get homeowner’s insurance as soon as you purchase your home. This may seem like an unnecessary expense when you’re paying for all of your other moving costs, but it is important. The last thing you want is to end up in a situation where you need homeowner’s insurance and can’t get it because you waited too long.

 

By reading all the contents in this blog, you have increased your intel on homeowners insurance (if you’re new to the topic). To help you find the best homeowners insurance in California, reach out to a Get-a-Quote expert today! Get-a-Quote is an excellent insurance shopping tool you need during your insurance research journey.

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