What a New Homeowner in Pennsylvania Needs To Know About Insurance

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Services for Real Estate Pros with Humphries Insurance
With a new marriage and the start of a family, there is no question about it: you need more space. Thankfully, if you have good credit and stable employment, there has never been a better time to buy a home. With the current state of the economy, the real estate market has gotten pretty affordable. But, when you decide on your dream home, you will have the necessary expenses that accompany it: including homeowners insurance.

Often, talk about homeowners insurance begins being discussed when couples take the first steps toward beginning their lives together. With new steps in life, come more important purchases- like wedding rings, and expensive household items. The more expensive the purchase, the more you may feel the need to gain some extra protection for your new possessions. Since a home is usually the largest purchase a couple will ever make, it is typical to think about how to best keep it safe.

When you purchase a home, the value an insurer places on it will typically be less than market value. Although you may be concerned that your insurance may not protect you fully- don’t worry: your insurance won’t cover the land your house is located on and only needs to be sufficient enough to cover any possible repair, or replacement of the home. As you complete home improvement projects and make additions to your home, be sure that you are increasing your coverage to account for the increased value of your home. Be sure to choose a high deductible for your homeowners policy, as a high deductible will decrease the cost of your coverage.

Think you may need a bit more help deciding on your coverage needs? Humphries Insurance is here for you. Call us today at 1.800.292.8816 or visit our Virtual Insurance Office to learn more about your coverage options. Eager to protect your home immediately? You can get a free online homeowners insurance quote right now.
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We invite you back to ActiveRain in 2017.

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Jun 28, 2017 06:55 PM #1
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