Your lender requires it, but even if you don’t have a mortgage, homeowner’s insurance is a wise investment for your home or even apartment. You never know when disaster might strike, and having the right coverage could save you a bundle in the long run. Here are some things to remember when purchasing homeowner’s insurance.
Natural Disasters Happen
Even if you don’t live in a flood plain, rising waters could damage your home. Weather is unpredictable. A tornado may cross your path and destroy a section of your home. An ice storm could hit your area, sending broken limbs onto your roof and damaging it. It’s a smart move to pay a little extra for flood insurance and other natural disasters. To get the right coverage for you, contact Homeowners Insurance Northeast Florida .
Pools Need Extra Protection
Pools are wonderful to have, but they’re also places guests like to visit and where injuries could occur, some of them serious. Having a guest suffer an injury at your pool party is bad enough. Having a family member sue you for damages is catastrophic. Spend a little extra money on liability coverage. It could save you from bankruptcy.
Consider a Higher Deductible
The deductible is the amount taken out of your insurance check when you file a claim. You may be tempted to purchase a policy that offers a lower deductible, but a smarter move would be to go for a higher one. Most people file a claim about once a decade, and paying extra money each month for a lower deductible doesn’t make sense. Squirrel that money away instead to cover a future higher deductible.
Investing a little extra money to protect yourself from such disasters will provide peace of mind and protect you from financial ruin. That’s well worth the investment.