Protecting your home from common forms of damage is an important investment; to this end, it is wise to make sure that you keep a homeowner's insurance policy active. However, if you are a first-time homeowner, you may find these policies to be somewhat confusing. As a result, you may want to talk with a professional--like Insure With U.S.--for advice and consider the following tips to make sure that you get the most from your policy.
Choose A Policy That Includes Liability Coverage
It is an unfortunate fact that many homeowners may overlook the need to have liability coverage. While you may think of your homeowner's insurance as mainly protecting against damage to the house, it is also important to protect yourself against individuals that suffer injuries while on your property. It may be possible for these individuals to file a lawsuit against you to collect compensation for their injuries. If you have a policy that includes liability coverage, you will be protected in these instances, which can prove to be far more than higher premiums.
Be Mindful Of The Deductible
In order to keep the monthly premiums lower, some homeowners may opt for a plan that includes a high deductible. While this may seem like a smart way to save money, it can make it difficult for you to enjoy the protections of your insurance policy. Before the policy will start to cover your damages, you will need to meet this deductible. As a result, if you choose a plan with a deductible that you would struggle to pay, you may have to delay repairs until you can save enough money to meet this expense, which can expose your home to further damage for things like pests, floods, and the like.
Always Leave Structural Work To Licensed Professionals Once You're Insured
There may come a day when you want to make a structural change to your home. While this might seem like a good chance for a do-it-yourself project, you should always leave this work to professionals. In addition to avoiding the risk of inadvertently causing serious damage to your house, this can also help ensure that your insurance policy covers future issues with the additions. If it is discovered that you had unlicensed contracting work done to your house, the insurance may be able to void your policy and deny any claims. To avoid encountering this problem, you should make sure to keep a copy of any documents that verify any changes to the home were performed by a qualified professional.
Share10 May 2016
