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8 insurance tips for first-time buyers



You have been dreaming, rolling and looking for your perfect home. And now you've found it. It's time to move. Before you pick up boxes or unpack things, it is important to think about protecting your new investment. That is why we have collected eight insurance tips for first-time buyers.

  1. Get a Home Inspection. Before writing any dotted lines, it is important to get a home inspection. An inspector will look at plumbing, heating, cooling, windows, foundations, roofs, siding and electrical systems. It will usually cost you between $ 250 and $ 500 – well worth the peace of mind, knowing that the basic components of your home are safe and in good condition.
  2. Invest in home insurance. Buying your first home can be a costly process, and buying adequate home insurance ensures that your investment is protected. Although you do not necessarily need home insurance by law, most mortgage lenders require you to have it. In addition, in the event of a total loss, you need insurance to rebuild your home and protect yourself from financial stress.
  3. Think of any additions. Standard home insurance covers many hazards such as windstorm and fire, but there may be more to consider. Ask your agent if there is any other coverage you should consider. For example, if you own a home-based business or live in an area where floods occur, you may want additional coverage.
  4. Re-evaluate your life insurance. With a new home, a new bill will be paid each month. If you are married or have a family, you may want to increase your life insurance to cover your mortgage if something has ever happened to you.
  5. Inventory. White goods. Electronics. Clothes. Jewelry. Having a list of your belongings and their values ​​will come in handy if your home is ever damaged or robbed. And if you can keep the receipts in a safe place, you may find it even easier to replace your items.
  6. Take pictures. It is proactive and careful to have photos of every room in your house, and it can make a huge difference. If something happened to your home, you could show what was inside and what it looked like.
  7. Make sure any other cover moves with you. If you move, be sure to update existing insurance, such as a car or umbrella, to reflect your new address.
  8. Review your insurance every year. Life changes, and so does your insurance. You may have major purchases, renovations or other home changes that increase the value of your home. Make sure your investments are properly protected by adjusting your coverage.

Our home insurance tips are here to help you from the day you walk through the door to your new home. Ready to get comprehensive home coverage? Talk to one of our local, independent agents today.


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