What to Consider When Purchasing Home Insurance

Important home insurance considerations.

When it comes to buying home insurance, you may well be caught up in the price. After all, your mortgage lender is insisting you purchase coverage, but you hope you never have to use it, so you want to keep costs down. Even so, accidents happen, and homeowners who never thought they’d file a claim have experienced disasters. When you’re in the market for home insurance, keep in mind these important considerations.

  • Go for replacement cost

When you choose home insurance, you’ll have the option of insuring for actual cost or replacement cost. Actual cost for your belongings will factor in deterioration, whereas replacement cost won’t. Replacement cost is not the market value of your home, it is the cost to completely rebuild it in the event of a total loss. Work with your agent to ensure that if you do suffer a total loss, your policy will make you as whole as possible.

  • Consider additional protection for high-value items

Your home insurance will cover some of your personal belongings, but if you have items of high value, such as antiques and art, you could need additional coverage. If you schedule these items separately, you create a policy within your policy for these specific values.

  • Don’t think you’re covered for everything

There are two major exclusions in home insurance policies – floods and earthquakes. These are considered mass-destruction events and require homeowners to purchase coverage separately from their home insurance. Earthquake coverage can be added to your policy, whereas flood insurance is written through the government and National Flood Insurance Program (NFIP).

Rest easy knowing you have reliable homeowners insurance at hand. Are you ready to get started on securing the right homeowners insurance in Fresno for your home?  Visit the professionals at McCarty Insurance Agency to get started today! We can help you understand the ins and outs of your chosen policy.