Joe DiCesare Insurance Agency, Inc. offers industry leading Home Insurance policies at competitive prices to the entire state of New York and Hudson Valley areas. We are committed to helping you find the right policy for you, at the right price.
When you purchase a home, good home insurance is essential. In fact, it’s best to begin shopping for a good homeowner’s policy when your offer is first accepted on a home.
Of course, with so many companies and insurance options to choose from, deciding on a policy can quickly become confusing.
To ensure you make the best decision on your policy, here are a few helpful tips you can use to choose the best homeowner’s insurance.
Tip #1 – Start by Learning the Facts
Get started by learning the facts about the home you want to insure. Some of the things that may affect premiums include plumbing systems, construction materials and electrical systems. Other facts you’ll need to know when trying to get a policy include the build date of the home, the square footage and the type of roof. Even the location of the home is important. Get all these facts together, since they are important for determining your policy rates.
Tip #2 – Know How Much Coverage You Need
You may be surprised that many homeowners today are under insured. This happens because many policy buyers fail to insure homes to “replacement value,” which is the amount it would currently cost to replace, or totally rebuild, the home today. While you’ll pay a bit more if you choose home insurance that is based upon replacement value instead of market value, it can be worth the extra investment if you have to make a major claim on your home.
Tip #3 – Decide on a Deductible You Can Afford
The deductible is the amount you’ll pay out of pocket if you have to file a claim. Amounts may vary from as low as $500 to as high as $10,000, although many mortgage companies won’t allow you to choose a deductible higher than $1,000. Check with your lender to see how much your deductible can be. Then, choose a deductible that you are comfortable with as well. Remember, while a higher deductible can save you money on your monthly premiums, if you do make a claim, you’ll have to pay a larger chunk of money out of pocket.
Tip #4 – Look for Discounts
As you’re trying to choose the best home insurance, make sure you look for discounts that can save you money. Many companies will offer savings if your home has certain safety features, such as security alarms, deadbolt locks, fire extinguishers and more. Multi-policy discounts can offer savings as well. Choosing to go with auto insurance and homeowner’s insurance from the same company can result in a nice percentage discount on both insurance policies.
Tip #5 – Shop Around
Last, it’s important to shop around and compare policies among several different insurance companies. You want to do business with a quality company that you can trust. Before making your final decision, review customer satisfaction, financial security and complaint records of every company you’re considering. Then choose a home insurance company that ranks well while ensuring you get a competitive deal on the insurance you need for your home.
Joe DiCesare is committed to delivering you a policy that makes the most sense for your home and budget. Contact Joe for a Home Insurance Quote.
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