Back to list

The Best Time to Get Homeowners Insurance

Your home is likely the biggest investment you’ll ever make, so it’s important to protect it with the right insurance policy. Homeowners insurance protects your home and your belongings from damage caused by fire, smoke, wind, hail, theft, and other events covered by your policy. Even if you live in an area that has low crime rates and haven’t had any problems with theft or vandalism, it’s still worthwhile to have coverage in case of catastrophic events like floods and earthquakes. But when should you get homeowners insurance? Is there a right time to get it? Before researching how to get cheap home insurance, let’s review what homeowners insurance is and when is the best time to buy it.

What is homeowners insurance?

Homeowners insurance is a policy that protects your home from disasters and accidents, such as theft or fire. This type of insurance generally comes in one of two forms: actual cash value (ACV) or replacement cost. The most important thing to remember when choosing a homeowners insurance policy is that you’re doing it for yourself and your family, not just for your home; every aspect of your plan is based on making sure you can continue living comfortably should something bad happen.

What are the different types of coverages?

Home insurance comes in many forms and with a variety of different coverages. Your needs for coverage will depend on how much you’re investing in your home, but here are some common items covered by standard policies: (1) personal property, including items inside your home; (2) liability coverage for injuries that occur on your property or caused by any homeowner living there; (3) structural damage to your home and any attached structures if something happens, like an earthquake or storm; and (4) additional living expenses if you have to stay somewhere else while repairs are made.

When is the best time to buy homeowners insurance?

Homeowners insurance is a must-have for every homeowner, but some people procrastinate when it comes time to sign up. Don’t make that mistake. The best time to get home insurance is before you need it, especially if you’re underinsured and have a lot of assets exposed without coverage, or have an existing health condition that might impact your premiums.

How much does homeowners insurance cost?

Even if you’re not looking for a policy, it’s always good to have an idea of how much homeowners insurance costs. That way, when you do get around to getting a policy, you can understand what your agent is talking about and negotiate from a place of knowledge. A quick online search will give you some solid estimates—and depending on where you live and whether or not your home has any special features, those numbers might be slightly higher or lower than average.

What do I need to know before shopping for a policy?

Before shopping for a policy, having a good grasp on what homeowners insurance is, what coverages they provide, when the best time to purchase it is, and how much it costs are excellent steps to take. We hope that our guide will help you further your research on how to get cheap home insurance. If you want to learn more about homeowners insurance, check out our other blogs or contact a Get-a-Quote professional today!