First Time Homebuyers: What You Need to Know Before Purchasing Home Insurance

If you are purchasing your first home, you will also need to purchase your first home insurance policy. Since you have never purchased a policy before, you may be unsure of what you need to do or consider before making a purchase. Town & Country Insurance, serving Buford, GA, wants to help you with this purchase. Here are a few important things you need to know before purchasing home insurance for your new home. 

The Importance of Obtaining Quotes Before Buying

Prior to purchasing your first home insurance policy, it is important to get quotes from different companies. Many people assume that all homeowners insurance plans are the same and are similar in price. This is not true. Obtaining quotes allows you to see what different companies have to offer and what the price is for the products that they offer. 

What is Covered and Excluded Under Your Insurance Policy

Another important factor to consider when purchasing your first home insurance policy is to find out what is covered and excluded. Not every event is covered under your insurance policy. For example, flooding caused when a river overflows its banks are typically not covered under your policy unless you purchase a flood add-on policy. 

How to Get an Adequate Coverage Level

Lastly, take the time to ensure you have adequate coverage for not only your new house but all the items stored inside, including electronics, furniture, and jewelry. A great insurance agent can help you calculate what coverage level is right for you. 

Purchasing your first home insurance policy does not have to be a scary or stressful experience. Here at Town & Country Insurance, serving the greater Buford, GA. area, we are here to help you. We can explain home insurance policies to you, answer any questions you have and help determine an adequate coverage level for you. Call us now to get started.