·When you are shopping for a new home, there are many small and large decisions and details to be worked out in the process.
·Typical threats to your home include things such as fire, lightning, wind and hail, freezing of plumbing, smoke, theft, explosion, and falling objects.
·There are certain things you should look for in your coverage to protect you against dangers such as these.
·There are some vital questions to consider before you decide which insurance company is right for you and can provide you with the protection you want for your home.
·There are some frequently asked questions.
·Q: How do I save money on my homeowner’s insurance? A: A higher deductible is one way to save money or you could choose to insure both your car and your home through the same insurance company and qualifying for discounts.
·Q: If my policy includes “replacement cost;” does that mean that my policy will pay to rebuild my home? A: Replacement cost typically means that the insurance company will cover the cost of rebuilding or repairing your home without charging a deduction for depreciation.
·Q: After filing a claim, is it necessary that I work with the insurance company’s contractors? A: Selecting a repair company may be a process that varies from insurance company to insurance company.
·Q: Is flood insurance included in a homeowner’s policy? A: Usually, homeowner’s policies do not provide coverage for flood damages.
PS – Susan Hilton is Bryan College Station, Texas’ real estate specialist in foreclosure sales and real estate agent career building so if you need help