If you've come here, you're either a new homeowner, or you're looking at buying your first home. May we be the first to say Congratulations! This is a huge step, and we hope our advice can help take the fear away from this large transaction. One of the most important responsibilities when becoming the owner of a home is making sure it's protected (financially speaking). A home insurance policy not only protects the structure, but the contents within should anything horrible happen. The following four tips will help you find the right plan to fit your needs, as well as ensure all of your belongings are protected. Once you go ahead with the policy, you'll be able to sleep safe and sound in your new space.

1) Shop Around
Insurance providers all have different perks and rates, so it's helpful for you to shop around. You don't have to stick with the first company you talk to, nor should you feel pressured to stick with them just because you've talked with them. Consult with several different providers and get written quotes. Having written quotes in front of you will help you compare and analyze which provider suits your budget and needs best.
2) Get Complete Coverage
There is no one-size-fits-all home insurance policy. There are, however, standard policies. These standard policies will usually cover common items/events, but may not include what you need. A standard policy usually covers the cost of the home, its contents, the personal liability of the policy-holder, the policy-holder’s spouse & children, dependents under the age of 18, and dependents who are temporarily away for schooling. If there are other people living in your home like other relatives or renters, consult your insurance representative to make sure everything (and everyone) is appropriately covered.
3) Report Any Changes You Make To The Home
If you're renovating, making additions, renting out space, buying artwork, etc., you need to let your insurance company know. This includes making changes to the home after you purchase it, as well as making changes after you've purchased your insurance policy. If you ever have to make a claim, those recent changes will be covered too.
4) Definitely Make An Inventory List
As you're moving into your home, create an extensive inventory. Include everything from large to small, from appliances to jewelry. Separate your inventory list by room - if only certain spaces are damaged, you know exactly what valuables are gone. Once you complete the list, make copies! Try to keep the receipts for as many home purchases as you can. This list and receipt evidence will help your insurance company draft up a fair and accurate policy quote. Down the road, if anything happens, this list and receipt evidence is definite proof of what needs to be covered/replaced.
Houses and all of their belongings are a huge investment. Home insurance helps you to protect that investment. With these tips, you'll be able to find the policy that's right for you and your situation!
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