There are three Big Boo Boo’s that people make with their Home Owners Insurance in my opinion.

If you DO make these mistakes, it’s time to call your Insurance Agent and fix the problem!

Here now are three big mistakes that people make with their Home Insurance…

Big Mistake #1:

NOT MEETING WITH YOUR INSURANCE AGENT

Well that’s kind of obvious, but consider this… Homeowners will spend hours with their real estate agent searching for just the right home. Then, they’ll meet with a mortgage professional to review financing options. But when it comes to insurance, most home owners will be too busy to meet with a professional insurance agent to discuss coverages, options, and pricing.

Make the call and spend an hour with an insurance professional. You and your family will be better off for having invested the time.

Big Mistake #2:

NOT INSURING YOUR HOME PROPERLY

Homeowners mistakenly think that the market value (purchase price) of their home is the replacement value (cost to rebuild) of their home. Sometimes, mortgage companies require the higher amount if the homebuyer is financing 100%, but many times the homebuyer insists on the higher coverage.

Many insurance agents use sophisticated tools to evaluate the replacement cost for homes in their area. Insurance companies have invested lots of money and research in these tools because they don’t want to under insure or over insure homes. So, if you avoid BIG Mistake #1 you should insure your home correctly.

BIG Mistake #3:

ONLY LOOKING FOR THE CHEAPEST POLICY

Most homeowners only look for the lowest price when choosing their homeowners insurance policy. Unfortunately, that’s what some insurance companies want you to only look at.

When you’re insuring your home for hundreds of thousands of dollars, does a $50 cheaper policy really matter that much? If you have a major claim like a fire, do you want your agent to be there to help you, answer your questions and be your advocate?

Most people do!

That’s why it’s important to not make BIG Mistake #1. Go visit with your agent and ask what they will do for you! Get their advice, because these are the people that will be there when something happens.

For more information about your Homeowners Insurance contact Pamela at 845-225-3009 or go to the Contact Us Page and fill out the form for your free quote.

Thank you,
Pamela