Purchasing your first home is an exciting milestone, offering a place you can truly call your own. However, along with the excitement comes the stress of various responsibilities, including selecting homeowner’s insurance. As overwhelming as this task can be, there are several common mistakes that many first-time homebuyers make. Keep reading to learn what to avoid when choosing your home insurance.

Underinsuring

One of the biggest mistakes is not having enough coverage. While opting for a lower premium by excluding a few items from your policy may seem cost-effective, you will ultimately need to pay more out-of-pocket if disaster strikes. Do your homework to determine the right policy for your home and location.

Ignoring Additional Coverage

Insuring only the bare minimum with your insurance policy will not suffice if you face a tornado, earthquake, flood, or other natural disaster. Discuss with a trustworthy insurance agent, such as HighPointe Insurance Services, LLC in Overland Park, KS, what additional coverage you should consider for your policy.

Not Asking About Discounts

Insurance companies may not openly advertise available discounts, so it’s up to you to ask what is available. You may qualify for discounts by bundling your home and auto insurance or installing a security system. Simply asking about available discounts could save you a significant amount.

Failing to Keep a Home Inventory

One thing often overlooked by first-time homebuyers is creating a list of all items in the home. If your new home ever suffers extensive damage, you’ll want a comprehensive list of all items, big and small, to send to your agent when filing a claim. Having this list will ensure that your claim can be processed much quicker instead of trying to rely on your memory of the items you had in your home.

Need insurance advice? HighPointe Insurance Services LLC in Overland Park, KS can help.

Selecting an insurance policy and company can be daunting. Our knowledgeable agents are available to guide you in the right direction. Call today for more information on what we can offer you.