Here at The Mitchell Agency LLC, we help homeowners in Alabama and Georgia get the home insurance protection that they need. Unfortunately, we have seen many people make mistakes when it comes to purchasing insurance, and we want to help individuals avoid those mistakes.
Here are the three common mistakes that you should be careful to avoid when buying home insurance:
Underinsuring Your Home and Possessions
One of the most common mistakes that individuals make when purchasing a home insurance policy is underinsuring their home or possessions. A professional can help you determine how much your policy should initially be set for. From there, you should regularly review your policy and update it as the value of your home increases or the value of your possessions changes.
Not Realizing What Is Not Covered
Another common mistake that homeowners make when purchasing home insurance is failing to realize what is excluded from the policy. Items such as earthquakes and flooding due to heavy rain are usually excluded from your policy. Purchasing a separate policy or an add-on policy to cover these events is a must.
Not Understanding Common Home Insurance Terms
The last common mistake that individuals make is not fully understanding what common home insurance terms mean, and as such, they purchase a home insurance policy that does not fully meet their needs. If you do not understand a term, research it or ask an agent for help to ensure you fully understand what your policy covers and provides.
Don’t Be Without Home Insurance
Knowing that your home and belongings are protected from common perils can take a weight off of your shoulders. Here at The Mitchell Agency LLC, serving residents of Alabama and Georgia, we would love to help answer any questions you may have about home insurance and help you find the best policy for your needs. Get in touch with us now to get started.
