Buying a new home is one of the largest investments you will ever make in your life. However, before you sign all the paperwork, you will need to invest in homeowners insurance to ensure that your new home is protected from any potential hazards. Keep these tips in mind to ensure that you invest in the right policy for your specific needs.
- Know the value of your home – make sure you are insuring your home for the replacement cost, not the current market value of your home so that you will be able to rebuild it if it is completely destroyed.
- Look beyond the price – while price should be a large factor when it comes to investing in the right insurance policy, it should not be the only one. Make sure you consider the coverage that is provided with each policy, as well as the record of the insurance company.
- Look for discounts – there are many discounts that you can qualify for to help keep the cost of your policy low, such as a multi-policy discount if you combine your homeowners insurance with your auto insurance.
For all of your real estate needs throughout North San Diego County, contact The Alan Shafran Group.