If you just bought a home in Pismo Beach, CA, a lot must be going through your mind right now, especially when it comes to home insurance. If it is your first time buying insurance, you may feel overwhelmed by the tonnes of information available out there. However, home insurance is no longer a complex subject, and if you have any questions, Neff & Associates Insurance Services Inc can help clear them out. So, what should you know as a first-time home insurance buyer?
You need to understand what is covered to get the best out of your policy.
Before you commit to a particular insurance agency, make sure you understand what is covered in your homeowner’s insurance. Arming yourself with knowledge about your coverages, your deductibles, and premiums can help you during your claim process.
Floods are NOT covered.
Many people tend to assume that home insurance covers all perils, which is not the case with floods. Homeowners need to buy separate flood insurance to protect them from flood water damage. If you suspect that you live in a high-risk area, it is prudent to seek insurance as early as possible as most flood policies come with a 30 day waiting period.
Some renovations can either increase or decrease your insurance premiums.
If you are planning to renovate your Pismo Beach, CA home, you may need to speak to your insurance provider to know which renovations will reduce your premiums and which ones will not. For instance, renovating your kitchen can significantly reduce your premiums by up to 20% while adding a swimming pool or an office will increase your premiums.
A home insurance policy is a super powerful financial plan for any home homeowner. At Neff & Associates Insurance Services Inc we help you Protect what matters to you most. Feel free to visit us at our Pismo Beach, CA offices today.