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How to Find Affordable Home Insurance for Your First Property

two new homeowners How to Find Affordable Home Insurance for Your First Property

Insurance Tips for First-Time Homebuyers

If you’re in the middle of purchasing your first property, congratulations! Although everything may seem overwhelming right now, it will all be worth it when you’re settled in the house of your dreams. When you’re busy house hunting and scrupulously managing finances, it’s easy to forget one of the key elements of your home purchase: protecting it! Homeowners insurance in Renton, WA helps you to protect your investment, so it pays to make sure you secure the right policy for your property.

  • Shop around

It may seem tempting to pick the first policy that you see online to save time, but this may not be the right policy for your needs or budget. Compare quotes and coverage from at least three different insurers to see that is the best value. Keep in mind that the cheapest may not always be the best coverage.

  • Fill in the gaps

Your homeowners insurance policy will protect your property, belongings, liability risk, and additional living expenses. However, every policy will have its limits. Make sure you understand these limits as well as any exclusions, such as flood and earthquake coverage. Knowing what is excluded from your coverage helps you to secure the extra protection that you need.

  • Take a home inventory

Moving home offers the perfect opportunity to conduct a home inventory. Take pictures of your belongings or video each item so that you have it on record. From here, you can work out how much personal property protection you need to satisfy the total value of your belongings. Note that if you have items of high value, such as antiques, musical equipment, and jewelry, you may need to obtain additional coverage.

Home insurance is incredibly important to protect your new property. When you need to find coverage to suit your budget, talk to the professionals at Humble & Davenport Insurance today.