Purchasing homeowners insurance coverage is challenging enough without factoring in all of the things that could possibly go wrong with your policy decisions. Here are some common mistakes you should avoid when purchasing homeowners insurance in Kennedale, Texas.
Not Doing Enough Research
When it comes to purchasing homeowners insurance coverage, it’s important to make sure you choose the best provider and coverage polices that meet your specific needs. But there’s no way of knowing if the ideal policies exist for your home without doing sufficient research and shopping around a little first. At the end of the day, it’s all about protecting your greatest asset—your home—and securing your family’s safety and well-being in the face of potentially dangerous situations (i.e. natural disasters, break-ins, etc.) while also making sure you’re not paying extremely high premiums.
Cancelling or Not Purchasing Flood Insuranc
Living in certain parts of Texas like Mansfield and Kennedale could mean that your home is in a potentially high flood risk zone. Although the state of Texas doesn’t mandate that you must have flood insurance coverage, it may be a required stipulation from your mortgage lender. If you live in certain parts of Texas that are at high risk of flooding during the rainy season, then it would be a big mistake not to purchase additional flood insurance to protect your home.
Insuring Your Belongings Based on Cash Value Instead of Replacement Costs
Many homeowners don’t realize that it actually costs more money to replace your belongings than what they’re actually worth at the time of the damage or theft. For instance, if you have jewelry, appliances, or high-end electronics that are valued at a few hundred or thousands of dollars, it’ll cost you more to replace these items than what they were originally worth, and you’re most likely going to have to pay the difference. It’s better to insure your valuables based on what it would cost to replace them.
Choosing an Insurer Based on Price Alone
Understandably, paying high premiums for homeowners insurance coverage isn’t ideal, especially when you’ve got mouths to feed at home. But it’s precisely for that reason—protecting your home, your belongings, and your family—that you should choose an insurance provider that has strong family values and prioritizes your specific needs, rather than just going for the cheapest option.
The right Farmers Insurance agent in Kennedale can help you choose comprehensive insurance policies that suit your specific needs. Be sure to also ask about discounts, promotions, and special offers. If money is an issue, then bundling your home and auto insurance can help you save a lot more on monthly premiums.
At Farmers Insurance – Crystal Schuder Agency, we believe that your home is as unique as you are and that means you need customized home insurance coverage to cover all of your specific needs. Contact us today if you’re looking for homeowners insurance in Kennedale.