Guide To Buying Home Insurance In Killeen

by Administrator 21. December 2015 07:46

Before buying a homeowners insurance policy, simply reading the policy is not enough. It is necessary that you ask the questions which will not only make your purchase easy but also help you choose a plan which suits your particular needs. Here are some of the important aspects you need to inquire from your insurance agent:

  • Market or Replacement value: Ask whether the insurance company will give you the sale price of your house in case it is completely damaged or if they will pay the amount required to rebuild the house.
  • Personal property coverage: You must know the total amount your insurance policy will pay if your personal assets like clothing, artifacts, furniture etc. are damaged or stolen from the property. This particularly seems necessary if you have expensive personal items like paintings or jewelry.
  • Protection clauses: There is a liability portion in your policy which covers court settlements and expenses in case someone is harmed on your property or your family member has caused any damage to someone physically or to their property. This also covers your pets. Ask what portion of your policy is reserved specifically for this purpose.
  • Extent of deductibles: Deductibles refers to the amount that you will have to pay in case of any damages. The rest of the amount is paid by the insurance company, up to the limits of your insurance policy. The higher the deductible, lower are the monthly premiums but do keep this amount to a limit that you can afford.
  • Natural calamities: You must ask if natural calamities like earthquake and floods are covered in the policy. Most policies exclude damages from these perils and in case you live in an area prone to such disasters, it is advised that you ask for its inclusion.
  • Additional Living Expense: If, for some reason, you are not able to live in your current house due to complete loss of property etc. your policy may cover the expenses that you will incur on rent, hotel bills, meals etc. This is provided if the cause of inability to stay in the house is covered under insurance.
  • Claim recovery time: You must also ask how much time the company usually takes to pay a claim. For this, it is advised to conduct a proper research to determine the reputation of the company and check if it approves the claims in a timely manner.
  • Ask for discounts: Do not be hesitant to ask for any discounts. There is so much competition in the market that a good insurance company will definitely offer you a discount if they truly value an association with you.

We, at Shawn Camp Insurance Agency, Inc., offer affordable home insurance in Killeen, TX. For more information or request a quote, feel free to call us at (254) 526 – 0535.

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