Insurance For New Homeowners: What To Know

​Owning a house is a major milestone and means you’ve made it financially. However, many new homeowners can get so caught up in the excitement of their new home that they fail to include one crucial detail: home insurance. 

Your car and health aren’t the only things that need to be insured; your home does too. It’s not just another extra cost. And it’s worth noting that homes are a considerable investment. So, naturally, you have to protect that investment. It may protect you financially from structural damage. Also, it may cover valuable personal property and help give you peace of mind.

What Happens If You Don’t Have Home Insurance
If something happens to your home, say you were robbed or were affected by natural disasters, you’ll have to shoulder the costs out of pocket. Having home insurance may shield you from unforeseen situations. That way, even if your home insurance will not cover everything, it still beats paying for repairs or losses yourself. 

How to Make the Most of Your Home Insurance
Getting home insurance is only the halfway mark. You must familiarize yourself with your home insurance policy and home to make the most of your insurance.

Understand Your Home Insurance Coverage
Even if many Americans are insured, 72% of homeowners don’t understand their home insurance coverage. This means they don’t know the specifics of what their home insurance covers. Make it a point to know the extent of your home insurance coverage. You’ll know whether you can file a claim if any accidents happen. 

Make Sure to Keep Your Home Well-Maintained
It’s good practice to thoroughly inspect your home before moving in. That way, you can see if anything needs replacement or repairs. Look for signs of mold or damage to the walls and pipes. Home insurance claims are sometimes denied because the damages accumulate over time. 

Have Your Home Insured Now
If you’re a new homeowner, getting home insurance is an excellent way to safeguard your investment. It may protect your home from unforeseen circumstances and save your wallet from additional expenses. So, get your home insurance now! 

At Best Insurance Group, LLC, we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (970) 674-5000 or CLICK HERE to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!