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A Few Questions For Your Insurance Agent

A Few Questions For Your Insurance Agent

A Few Questions For Your Insurance Agent

 

Homeowners Insurance

Whether you are just starting out or a veteran homeowner, you need homeowners insurance. Your coverage may need adjusting as your life changes. You want to be sure that you have the right coverage for your needs.

Here are a few questions you may want to ask your agent:

1.How much insurance do you need?

This can vary for everyone. Depending If it’s your 1st home as newlyweds or you are empty nesters with lots of valuable antiques. The most important thing is to make sure you have enough insurance to protect you, the home contents and your home in a worst-case scenario.

2. What does your policy cover?

Homeowners coverage provides financial protection against loss due to disasters, theft and accidents. Most standard policies include four essential types of coverage: Coverage for the structure of your home; Coverage for your personal belongings; Liability protection; Coverage for Additional Living Expenses. Some events, like floods or earthquakes, are not covered in a standard policy. If you are looking for coverage for your homes major mechanicals (furnace, stove, etc) you can find that type of coverage with a Home Warranty company like AHS Warranty.

3.How can you save money on home insurance?

  1. Shop around. …
  2. Raise your deductible. …
  3. Don’t confuse what you paid for your house with rebuilding costs. …
  4. Buy your home and auto policies from the same insurer. …
  5. Make your home more disaster resistant. …
  6. Improve your home security. …
  7. Seek out other discounts.

4.What to expect if you file a claim

Some people are extremely apprehensive when it comes to filing a basic home insurance claim on their policy for home insurance. This is because filing a claim can raise your monthly premiums.

If you do need to file a basic home insurance claim, you need to know what to expect afterward. In the world of insurance, there are claims that are simple and some that are not.

A simple claim is something like window breakage, some type of theft or storm damage. You will get an estimate of your damages and an insurance adjuster will call you on the telephone. The insurance company will then mail you a check. In most cases, they never come out to your home.

Claims

For claims that are more complicated such as fire, vandalism and water damage, the insurance adjuster will usually call you and come out to your home to inspect the damages. They will take some photos and help you fill out the proper paperwork for the claim.

Some insurance companies will want you to use their approved contractors for getting estimates and appraisals.

After filing the claim, the rest of the process can take several weeks or even months depending on the amount of damage and the type of claim filed.

In addition, no matter what you do, never sit back and just wait for your claim to be handled for you once you file it. Keep in touch with contractors, the claims adjuster, and any repair specialists to make sure no one is waiting on someone else’s information. You want to make sure things are moving along.

Disclaimer: Please contact a licensed insurance agent specialist to discuss insurance coverage’s and laws.

If you or anyone you know is looking to buy or sell real estate and have questions, I would be happy to help!

Jamohl DeWald

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About JD the author

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Jamohl DeWald

One of my greatest joys as a real estate professional is handing over the keys of ownership to a first-time home buyer. As an experienced agent, I understand that preparation is important to avoid missteps with that first home purchase. I’m here to help with navigating the waters of those potential missteps.

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