5 Things to Know when Buying Home Insurance

Purchasing a home is a major financial decision and it is imperative that you make sure your investment is adequately protected. If you have purchased a home or are thinking about purchasing in the Mesa, AZ area, an agent at INW Insurance Group would be happy to discuss the following topics:

Know the Value of your Home

You need to know exactly how much your home is worth in order for you and your agent to determine the level of coverage you will need. This means figuring out how much it would cost to replace the home.

Take Advantage of Discounts

There are actions you can take to earn discounts on your premium such as having an alarm system installed, updating heating systems or installing deadbolts.

Your insurance agent can review your home’s features and make sure you are receiving all of the discounts you are entitled to.

The Deductible

A high deductible may save you in the short-term, but if you will struggle to pay it in the event of a claim then that may not be the best option. Discuss the different deductible options available.

Understanding your Coverage

Insurance policies have coverages as well as exclusions and it is imperative to understand both. For example, flood and earthquake coverage may be excluded so you will want to decide if you want to purchase insurance for those specific events. Although Mesa, AZ is not known for its earthquakes, it is a coverage you may want to consider given the increased earthquakes in nearby states.

Claims Process

Learning about the claims process of your insurance company when you need to file a claim is not ideal. You should ask about the claims process prior to committing to a carrier.

If you have any additional questions, please reach out to INW Insurance Group at 480-626-0797.