3 Mistakes to Avoid When Deciding What Type of Home Insurance to Have
Having the right home insurance is essential to ensure that your property and the contents of your home are protected if a variety of unfortunate situations should happen to occur. Here at Schumacher Insurance Group, we work with a large selection of national insurance providers which allows us to select a home insurance policy that fits your needs at rates you can afford.
When you are selecting a homeowner’s insurance policy, there are some things that can cause your rates to be higher than they should. Make sure you avoid certain mistakes when you are deciding what type of insurance to choose for your home, like the following:
- Your deductible is extremely low. If your out-of-pocket deductible is low, your premium will generally be much higher so the insurance provider can offset their financial risk when something occurs that requires a claim.
- Your policy hasn’t been reviewed to make sure you are paying only for the coverage you actually need. You may no longer need coverage on certain items because you don’t own them anymore, or the coverage needed should be less because the item has depreciated in value.
- You don’t have safety features added to your home like smoke detectors, security systems, or more secure door and window latches. Making your home less attractive to burglars and intruders can lower your insurance rates.
You can save even more on your policy when you combine it with other plans like insurance for your vehicle or life and health insurance. Learn more about how Schumacher Insurance Group can provide you with the right coverage for your home by contacting us today.