Common Homeowners Insurance Mistakes
Investing in the right homeowners insurance policy is the best way to ensure that you and your home are protected from any unfortunate situation. However, not every homeowner’s insurance policy is the same. Make sure to avoid these common homeowners insurance mistakes to ensure that you invest in the right policy for your needs.

  • Choosing the first policy – do not settle on the first homeowners insurance policy you look at, just to get coverage. Premiums and coverage options can vary greatly from company to company so make sure to compare different policies to ensure that you get the right one for your needs.
  • Not getting the right dwelling coverage – the dwelling coverage portion of your homeowners’ insurance policy is meant to cover the cost to rebuild your home if it is completely destroyed from a covered peril. Make sure to base your dwelling coverage off of the actual value of your home so that you are not left paying thousands of dollars out of your pocket in case your home is a complete loss.
  • Not covering high-value possessions – your homeowners’ insurance policy is meant to provide coverage for both the structure of your home, as well as all of your belongings. If you have any belongings that are very valuable, such as fine art or jewelry, make sure that you have enough coverage to replace any of your expensive items if they are stolen or destroyed.
  • Choosing the wrong deductible – the deductible is the amount that you will have to pay when you make a claim, before your insurance will kick in. The higher your deductible, the lower your monthly premium. Make sure that you do not choose a deductible that is too high because you have to be able to afford it if you make a claim.

For all of your homeowner’s insurance needs, contact The Schwab Agency in Colleyville, Texas.

Leave a Reply