Best Homeowner Insurance Tips

​Your homeowner's insurance can help protect you from financial ruin if disaster strikes. However, not many homeowners know what their policy covers until they need to make a claim. This blog post will give tips on updating your homeowner's insurance so it offers everything it should!

Tip #1: Keep track of your belongings
Personal property coverage is one of the most significant forms of homeowner's insurance. Clothing, jewelry, furniture, pots and pans, musical instruments, electronics, books, art, and even the decorations and knick-knacks you keep on your bookshelves are all covered under this policy.

You'll need a house inventory to keep track of everything. A thorough home inventory can help you expedite an insurance claim while also maximizing your payout. It's one of the best and simplest ways to plan for unanticipated home insurance claims.


Tip #2: Know your deductible and how it will affect you financially
The deductible is the amount of money that needs to be paid before any insurance coverage kicks in after a disaster strikes (i.e., fire, windstorm). If lower premiums are important to you, make sure that your deductible won't break your budget. 

If you are not prepared to pay the deductible, make sure that there is an option for a lower rate with no or a higher deductible so you can set aside funds in case of a disaster.

Tip #3: Safeguard Your Financial Resources
The cost of repairing or rebuilding your house is simply one aspect of homeowner's insurance. Liability coverage on your insurance might go a long way toward protecting your financial well-being.

For instance, if a guest falls down the stairs and is critically hurt, the visitor's insurance company may hold you liable for thousands of dollars in medical expenditures. In this instance, your home's insurance would most certainly cover the expenditures up to a specific amount, and in some cases, it may even pay legal fees.

Tip #4: Compare coverage with each policy before making a decision on which one is best for you
Make sure to read every word of your home owner's insurance policy and ensure that all of your belongings are covered. Also, pay attention to any small print as this may contain loopholes that could leave you unprotected in a disaster! If there is something on the list that you don't have, find out if you can add it! 

Wrap Up
Your homeowner's insurance can help protect you from financial ruin if disaster strikes. However, not many homeowners know what their policy covers until they need to make a claim, so educating yourself is your key to success!

At Hayek Insurance, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at  (805) 496-8835 or Click Here to request a free quote.