Do’s And Dont’s Of Home Owners Insurance

No one looks forward to disasters happening or befalling them or their property, but these are events which actually tend to occur, and it is best to have a back-up measure in place to subdue the damage being done. This is why insuring your home or property is not just an option, but a necessity. Purchasing an insurance policy could seem quite complex to many people as they aren’t so knowledgeable about the due processes, so these are some do’s and don’t’s to consider for your home insurance.


1. Talk to an Insurance Specialist first:  Before approaching any insurance company or signing any insurance policy documents, it is important you see a specialist for advice as they have the necessary experience in this field and would help guide you in picking the best policies for your home/property.

2. Get a Comprehensive Coverage: Getting a comprehensive coverage means your home insurance doesn’t only cover your home, but also covers your priced possessions, your family, and even injuries sustained on your property in the case of an event. Therefore it is very wise to always go comprehensive.

3. Update your home’s value occasionally: If major changes, renovations or additions are made to your home, you have to make sure you update the value registered with your insurance company. This is to ensure you don’t end up being under-insured in the case of any disaster. It is advisable to do this annually or on the anniversary of your move-in date.

4. Answer all questions truthfully: This is so as to not mislead the insurance company on important information about your home. They need to have accurate information on the size of your home, the features, style of construction, and valuables in it.

5. Know your claim timeframe limits: It is important to know and understand your claim timeframe limits in order not to be in a position where your filed claims would be denied due to being filed too early or too late.


1. Don’t bundle your home insurance for convenience: Many people prefer bundling all their insurances (home, auto and life) into one, just to save cost or for convenience and this has proven to be a wrong move for some. So it is best you make sure it is the safest option for you before doing that.

2. Don’t forget to update your valuable items on your policy: Many insurance policies have the option of covering your valuable items such as jewelry, electronics, etc, and it is essential to include all these on your policy. Also ensure you update their values from time to time.

3. Don’t always go all out for the cheapest option: Your home is one of your most priced assets and you should make sure it is well covered. So don’t just look for the cheapest insurance policy, instead you should go for the best possible option.

4. Don’t hesitate to switch insurers if dissatisfied: If you feel you are not getting your money’s worth, you shouldn’t attempt to be ‘loyal’ to your insurance company. Always be on the look-out for better policies which would benefit you and your property.

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