Are you buying a home? If so, now is the time to shop for homeowner’s insurance.
Buying a home can sometimes feel like an overwhelming process. So can figure out how to shop for home insurance without getting a bad deal.
Fortunately, we can help you navigate the murky waters of home insurance.
Call us today at our Las Vegas line: (702) 850-7711 or our Memphis line: (901) 306-8100 to get started or keep reading to learn more.
Basics of Home Insurance
As a homeowner, getting home insurance to protect you from the unexpected in life is important.
No one can control unforeseen events, such as storm damage or theft.
Do You Have To Have Homeowners’ Insurance?
Before looking at how to shop for home insurance, you might first ask whether home insurance is even necessary.
Our answer is yes.
Most likely, you will need to show proof of your home insurance policy before you are qualified to move forward with the purchase of your home.
If you have paid your home in full, then insurance may be optional. However, it would still be a wise decision to have coverage if you don’t already.
When you need to file a claim due to damage to your house, you will have to pay your deductible, and then your insurance will cover the remainder of the cost.
What You Need To Look At When You Shop
When shopping for home insurance, a couple of questions to ask are:
- What does it cover?
- What does home insurance normally include and am I getting the best deal?
Different Types of Homeowners Insurance
Dwelling Insurance
Dwelling insurance includes the house and structures on your property.
This type of insurance covers structural damage to your home and some of the costs needed to rebuild it.
Dwelling insurance is particularly helpful in protecting you against fire damage.
Property Coverage
This type of insurance is for belongings and personal items inside your home that have been lost or damaged.
Property coverage is not the same thing as having a warranty on a given item.
Liability Insurance
Liability insurance is helpful for providing medical coverage.
Medical coverage is needed in case a person is injured at your home and you become liable for medical costs and court expenses.
Additions To Home Insurance
There are additional forms of coverage that can be added to cover your personal needs, one example being flood insurance.
How Much Does Home Insurance Cost?
The national average according to NerdWallet is $1,784 a year or about $149 a month.
For many families, adding an extra $149 monthly charge to an already long list of bills is difficult.
Therefore, you’ll want to consider how to maximize your coverage for the least amount of money possible.
Homeowners Insurance In Nevada
Nevada has one of the lowest homeowners insurance rates in the USA.
To get started with an amazing plan that will cover your needs, call us today at our Las Vegas line: (702) 850-7711 or our Memphis line: (901) 306-8100.
Which Company Do I Purchase From?
The best way to find an insurance company that treats you right is to purchase from one that has a good reputation.
You will also want to find an insurance company that offers the specific type of coverage you are looking for.
Call us to learn more about our offerings.
Further Reading: An In-depth Look At Notary Bonds
For a more in-depth look at notary bonds, check out our article on the subject.