All about insurance Local tips: How does home insurance work? –

Why should I keep a higher deductible on my home insurance?

Insurance in a home is very important to have and should only be used when major damage occurs. This is precisely why agents recommend higher deductibles. The only time you really want to apply is when you have a big loss. A loss greater than at least $ 1,000. If you own your home, you should have at least $ 1,000 set aside for emergencies. A requirement for a homeowner’s policy will affect you for 3-5 years or longer, depending on the company. Sometimes you will be denied coverage by other companies due to a previous requirement if you were to change operator. Statements are not something you should take lightly. If you have home injuries, it is recommended that you call a restoration company and get an estimate before you make a claim. There is always a possibility that the damage is less than your deductible and that applying can cause an event to appear on your record, even if the insurance company does not cover it.

Why should I make an inventory of things in my home?

When you have a large loss and it includes personal property, the insurance company will not only give you money. They need a specified list of items. A big loss is devastating but it can also be complicated if you do not have what you need to replace your things. The best thing to do is to either write everything down or make a video / take pictures of all your belongings. This way, you can make a list of things that need to be replaced. Do not store your stock at home, store it in a safe place, on the internet or anywhere you have access to it if there is a total loss. Want more information? Ask me [email protected]

Written by: Therese Potter, Head of Marketing and Business Development at All about insurance

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