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Homeowners Insurance Moody Insurance

Homeowners Insurance: A Beginner’s Guide

If you’ve recently purchased your first home you might not know much about home insurance. Because properly insuring your new investment is one of the most important things for any homeowner to do, here are a few things you should know.

Coverage Amount

You will need to determine your own coverage amount. Most people like the idea of having the cost of all their belongings covered, but you should keep in mind that the higher the coverage amount, the more you’ll pay in premiums. Insurance experts such as those as Moody Insurance can help you determine an amount that works best for you and your family.

Deductible

You also get to choose your own deductible amount, but you should know that the lower the deductible, the higher your insurance premium will be. Although it will lower your monthly payment, having to come up with $2,000 every time you need to file a claim can be difficult for many people.

Obtain Several Quotes

You want to make sure you obtain several different insurance quotes before deciding on your carrier. You want to choose a company you’re comfortable working with and that offers you the best rate possible. You might want to check in with your auto insurance provider because bundling policies can result in hefty discounts.