If you’re buying homeowners insurance for the first time, resist the temptation to buy without knowing what your policy says. When you call a company to get home insurance quotes in CT, ask the following questions to find out what your options are.
What Exactly Is Covered?
Most companies will offer policies that cover a range of things. Some will cover a set list of named threats, others will cover everything except a list of specific exclusions. There is different insurance for mobile homes, older homes and condominiums. Find out what makes the most sense for your home and make sure your policy is comprehensive.
What Is the Deductible for Each?
Most policies have different deductibles for different claims, which means you’ll have to pay out of pocket for a certain amount before your insurance kicks in. Ask what the deductible is for each threat your policy covers. While you can get lower rates with higher deductibles, be realistic about how much you’ll be able to pay when a crisis occurs.
How Much Insurance Do I Really Need?
Although your lender will be satisfied with a policy that covers what you owe on your home, understand that this amount may not be enough to truly protect you. It may be wiser to insure your home for the amount it will cost to rebuild it. That way, if something happens, you know you and your family are fully protected. An insurance agent can help you make an informed choice when you call for home insurance quotes in CT.