Find our nearest location ☰ ˟
Logo
Find our nearest location
  • Home
  • Get A Quote
    • Automobile
    • Business & CommercialImage of right arrow
      • Business Owners (BOP) Quote Form
      • Business Insurance Quote Form
    • Commercial Auto Insurance
    • General Liability Insurance
    • Health
    • Homeowners
    • Life
    • Recreational VehicleImage of right arrow
      • Boat, Motorcycle & Recreational Vehicle Insurance
      • Powersport Insurance Quote
      • Powersport Insurance Quote
    • Renters
    • Specialty Automobile
    • Watercraft & Boat
    • Workers Compensation
  • Blog
  • Make a Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Calculators
    • Insurance Glossary
  • About Us
    • About Parker Shelton and Associates Inc
    • Our Locations
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Auto Insurance

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Insurance

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Insurance

Business & Commercial

We browse through a wide variety of coverages and find the right one for you.

Learn More
Toy Vehicle Insurance

Recreational Products

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life & Health Insurance

Life & Health

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > 5 Things You Need to Know When Buying Homeowners Insurance
TUESDAY, NOVEMBER 1, 2022

5 Things You Need to Know When Buying Homeowners Insurance

Buying homeowners insurance is one of the best ways to protect your valued assets. However, it’s important to understand the ins and outs of your policy before signing any paperwork. Talk to your independent agent about the following five aspects of homeowners insurance. House with car in Driveway

  1. How much coverage do you need? Your policy should be able to fully cover the cost of rebuilding your home, along with your belongings and liability risks. Standard policies generally cover your belongings up to half of your home’s value, so you may need additional contents coverage. 
  2. What value should you select for your deductible? A deductible is the amount that you’re responsible for paying when you file a claim before your policy coverage kicks in. The higher the deductible, the lower your monthly premium. For this reason, it’s recommended that you set your deductible as high as you could reasonably afford to pay at any given time. 
  3. What won’t be covered? Standard policies do not cover flood or earthquake damages. They also either cap or exclude coverage for high-dollar items, such as jewelry, fine art or china collections. You can purchase additional coverage or policy endorsements to bridge the coverage gap. 
  4. What will I pay each month? Policy premiums are calculated using a variety of factors. Your independent agent can offer you a quote, which you can then use as you plan your budget. Make sure to account for insurance when you consider your mortgage payment. 
  5. How can I save? There are many policy discounts available; all you have to do is ask. You can often save just by installing security features (such as an alarm system) or bundling your coverage with your auto insurance policy. 
Posted 8:10 PM

Tags: home insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • auto insurance(11)
  • home insurance(8)
  • car insurance(3)
  • business insurance(3)
  • homeowners insurance(2)
  • workers compensation insurance(2)
  • commercial auto insurance(2)
  • general liability insurance(2)
  • classic car insurance(1)
  • car insurance premiums(1)
  • hail damage(1)
  • health insurance(1)
  • recreational vehicle insurance(1)
  • rv insurance(1)
  • bop insurance(1)
  • bop(1)
  • business owners policy(1)
  • commercial insurance(1)

View Mobile Version

Contact Us Today!

Contact Us
Facebook LinkedIn Twitter Google Posts Instagram

Resources

  • Quotes
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Main Office

223 Central Ave. Ste A
Christiansburg, VA 24068

P: (540) 381-6358 | F: 540-381-3066 | E:info@psainsure.com
© Copyright 2021. All rights reserved. | Powered by Insurance Website Builder