What Every New Homeowner Should Know About Insurance

Buying your first home is a milestone and you should rush through purchasing a homeowner’s insurance policy. You should look for an insurance agency that is locally based and specializes in providing policies to those in your area. Homeowner’s insurance policies don’t just cover your actual home. Here are the 3 basic protections that are included in most homeowner’s insurance lines:

1. The Structure of Your Home
   Usually your homeowner’s insurance policy will cover any damage that causes loss to you and your property. Most policies will protect your home from damage costs from lightning, fire, theft, vandalism, smoke, etc. Some things, like windstorms, earthquakes, and floods, may require additional supplemental policies to your homeowner’s line. The size and value of your property, home, and belongings will determine the amount of coverage you should purchase.
2. Your Personal Property
   Your personal possessions and property are protected under your homeowner’s insurance policy. Although it is definitely a tedious and time consuming task, homeowner’s should keep an inventory of all of their possessions, noting serial numbers, dates of purchase, costs, etc. Doing this and keeping it up to date can save you a lot of time and aggravation should you need to file a claim with your insurance agency.
3. Liability
   Your homeowner’s policy will protect you from the cost of liability claims as well. Should something happen to someone, for example an injury, on your property, the liability coverage within your homeowner’s policy can take care of medical costs. If someone should sue you, for a claim involving your home, your homeowner’s insurance can cover these liability costs as well.

Those in North Carolina, especially those in High Point, Greensboro, and Burlington, should contact the Paramount Insurance Agency for a free quote on your new homeowner’s insurance policy. We have plenty of policy options for your North Carolina home and we will work with you until we develop a policy that best fits your needs and protects your assets.