Share This Post:
Mortgage lenders require homeowner's insurance, and you need to know what to consider and where to look. More importantly, you need to protect your home. Here are five great tips on selecting homeowner's insurance policies.
You can usually start via a Google search for insurance providers, or you can begin by asking for recommendations from trusted family and friends. If you have car insurance, then chances are they offer other types of insurance policies. If neither of these selections works for you, then you should reach out to a private insurance agent.
It's best to do research and compare quotes and check customer satisfaction ratings for each insurance company. Also, make sure they have a solid and stable financial history.
It helps if you consider your home's worth and research your neighborhood market values. Most of all, you need to know how much it would cost to rebuild your home. Your home insurance agent can help with that assessment.
When evaluating your homeowner's insurance options, you need to think about where you live and whether or not to explore extended hazard coverage. That said, these are the common types of disasters to consider:
Ultimately, do your homework when looking for quotes. Also, research your home value, possible repair costs, location, and residential market to assess your level of needed coverage. Explore other related types of insurance policies and consider purchasing a warranty for expensive home appliances.
Matthew Runfola is a professional real estate freelance writer at RunfolaWrites.com. He is passionate about all things real estate, marketing and content creation. Matthew is also a former U.S. Air Force veteran, and he enjoys helping real estate businesses tell their story. When he isn't writing, he enjoys watching Netflix and baseball games with his wife.
Want to submit a guest post to Visio Lending? Check out our guest post guidelines.