Avoid These Common Mistakes When Getting Home Insurance

A home of your very own is an enormous investment. Protecting your investments should be top priority. Selecting the right insurance plan with the best protection is important. The insurance agents stand ready and are well trained to assist you with any questions concerning the protection you need.

Obtaining insurance that protects the home is very important. Below are a few common mistakes to avoid when availing a Home Insurance Plan.

Inventory
Keeping record of personal property is important when selecting a home insurance plan to protect your home. A detailed list of all the personal property you own is a must. It’s also a great idea to photograph items or have video to show the insurance company.

Coverage
Selecting an insurance plan that will cover the home’s replacement value is not enough coverage. It is very important to have enough to cover the marked value of the home. It may cost a little more for this type of coverage, but well worth it if necessary.

Form
The form of the coverage should not be determined by an insurance agency. The form of coverage should be determined by you and your specific needs. There are many forms of plans available but you should consider the following before making the final selection of coverage.

• Coverage against windstorm
• Coverage of all personal property
• Coverage against fire
• Coverage against flood
• All available coverage

Coverage against items that can be destroyed by nature, is a very common mistake made by homeowners when they choose to opt out of this type of coverage. You never know when it will be needed.

Deductible
Carrying a deductible on your plan that is higher will usually result in lower insurance premiums. Most people want to select a lower deductible but this usually hurts the finance portion for them.

About James Cruz

James Cruz is the Owner and Insurance Advisor of JCruz Insurance. James provides comprehensive advice on insurance policies and extensive coverage for each of his clients, specializing in Home Insurance, Life Insurance, Auto Insurance and Health Insurance in Anaheim, CA. Google+

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