No matter how long you have owned your property, having the right homeowner’s insurance is vital for the protection of your asset. Getting a good home owner’s policy is the best way to protect your home from accidents, natural disasters and theft. If you are a homeowner, you will find great use in the helpful tips compiled in the article below.
Make sure that you have a record of everything that is covered under your home insurance. Make a detailed list, and take pictures of all valuables. It also helps to keep receipts for big ticket items. There is free software online that will enable you to create a home inventory, room by room. If you need to make a claim, having all this information on hand will help to speed up the process.
When filing an insurance claim, get several quotes from area licensed contractors. Always save all documentation for emergency repairs you do, in case you need to make a claim. Keep receipts of all money spent on any temporary lodging, since these might be totally reimbursable under your coverage.
Insuring a vacant house is very expensive, as a vacant property is a magnet for vandals. Vacant house insurance can cost more in a month than regular homeowners insurance costs for a year. If a family member can’t stay at the house, consider renting the property out, or exchange free rent for house sitting services to avoid having a property sit idle.
Homeowner’s insurance is essential for anyone who wants to own their own home. After reading the tips here, you are equipped with what you need to know to find a good insurance policy. Never think of your policy as an endless waste of money better spent elsewhere. This is one of the small ways that you can protect your life’s work and most valuable asset.