first time home buyers

How to Find an Affordable Home Insurance Policy for Your First Property

first time home buyersHome insurance tips for first-time buyers.

There’s little in life that compares to the feeling you get when you receive the keys to your first home. It’s probably been a long and arduous journey to this point, as it is historically for most of the nation, but you be relieved when you can move in the boxes and can put your feet up in your first property. But before you get too settled, there’s something to think about – home insurance. You won’t be able to overlook this important aspect of home buying, so here are a few tips to keep your policy affordable.

Know the rebuild cost

When working out the cost of home insurance, think about how much it would cost to rebuilt your house and its contents. Keep in mind this won’t be the price that you paid for it. This valuation will advise the rebuilding cost of the house and the minimum amount that you must insure it for.

Protect possessions

While home insurance will protect your belongings, if you have items of high value, you may need to consider additional coverage. If you own expensive jewelry, antiques, art, musical equipment, golf clubs, and more, then you should extend cover so that these valuables are protected from perils.

Review your deductible

A deductible is the amount of money you pay in a claim before the insurance kicks in. When you choose to raise your deductible, you take on more financial responsibility in a claim. As a result, the insurance company lowers your monthly or yearly premium. If you’re looking for a way to save, consider raising your deductible. Keep in mind that this is an out-of-pocket cost so it should be kept at a comfortable expense for you to pay.

Protecting your home comes easy to insurance professionals. Do you need help deciding which homeowners insurance policy to purchase? Visit Abbate Insurance for your insurance policies in New Haven and neighboring cities in Connecticut!