One of the first questions an insurance agent will ask is the value of the house purchased. This means the basic value and basic interior of the house as when you bought it, without goods. Remember that insurance agents must ask specific questions about the outside of the house, such as whether it is brick, vinyl, wood or mixed siding, as well as questions about terraces, decks or sun loungers.
Insurance agents must also ask specific questions about basic equipment inside the house, and want to know how old the pipes and electrical systems, air conditioners and heating units, equipment and will even ask questions about whether you have an expensive table or floor, such as granite or marble .
Remember that when you buy a house for a certain price, say $ 100,000, the Homeowners insurance company may want to distribute payments for the structure of the house to between $ 10,000 to $ 40,000 on the current valuation and market value of the house, to deal with inflation. It's up to you to decide if you want to agree to these terms, but remember that the price of repairs to these items at home will increase over the years, and you don't want to be left with not enough money from insurance. company to close the full replacement of your home at a certain time.
If you have bought a house that will be renovated or reconstructed soon, you might want to continue and add a sizable amount to this part of the insurance coverage, that way if something happens in the renovation process or immediately after the house is built. renovated the total cost of renovation will be borne without problems. Of course you can always wait until the renovation is finished to call and get a new price quote, but it is best to have insurance set before the completion of the renovation.
The second major factor that must be considered in determining the amount of Homeowner coverage needed is the interior value of the goods at home. This is a difficult task for some people who have not yet saved a good purchase receipt and who make it easy for insurance agents to suggest more coverage than is needed in the interior goods department.
Before asking for a price quote, it is best to sit down and try to briefly detail the main purchases in your home, including furniture, large appliances, and electronics. Many basic interior coverage plans do not cover certain electronics such as computer or laptop systems, so be sure to ask about laptop or computer coverage if this is an item that you have in your home. Also, some insurance policies will cover jewelry but others will require separate "special" interior homeowners policies, although adding this will only cost around $ 30- $ 80 a year for most jewelry owners.
The final determination as to how much coverage is needed must be the location. It's important to consider whether you will need hurricane insurance, flood insurance, wind and hail damage, or even tornado insurance.
Remember that even if you live in a storm zone, you may also be required to purchase separate flood or wind insurance, in case your house is flooded or the window is out of the storm. The same applies to tornadoes or earthquake insurance, because you may be required to have separate facilities added to the policy to protect against damage from wind or even flooding.