Home Insurance For First Time Homeowners

If you are looking to buy your first house, there is no better time than right now. With more houses being built and looser lending requirements, it has never been easier for first-time buyers to move into their first house. Along with choosing the right floor plan and neighborhood, it is vital to ensure that you invest in the right home insurance policy to protect your new house. Keep these tips in mind to help you find the right policy that will fit your needs.

• Know the terms – insurance policies include specialized lingo that you will need to know in order to know how much coverage you have. Take the time fully understand your policy and don’t hesitate to ask your insurance agent to clarify any questions that you have before you sign on the dotted line.
• Compare policies – not all homeowners insurance policies are the same. Make sure to compare different policies from separate insurance companies to ensure that you are able to find the right policy that will meet your specific needs all at the right price.
• Do not skimp on coverage – your homeowners insurance policy should provide enough protection to cover the cost to completely rebuild your house, not the market value of the property. Skimping out on coverage can mean digging deep into your pockets if you ever have to make a claim.
• Look for discounts – your home insurance policy can add hundreds of extra dollars to your monthly bills. Looking for the right discounts can help to make sure that you are able to keep the cost of your policy as low as possible.

For all of your homeowners insurance needs as a first-time homebuyer, contact the insurance professionals at Steve Wilk Insurance Agency in Lombard, Illinois.