When you are shopping for a new home, one of the first things on your mind is probably finding insurance. Homeowners insurance protects your home and its contents in case disaster strikes, from fires to floods.
But it also covers more than just damage to property. It provides liability coverage if someone is injured due to an unsafe condition on your property or by something that you did carelessly, such as leaving a ladder out and someone falls off of it.
This blog post will give you tips for choosing home owners insurance in Indianapolis, IN, so that you can protect not only your house but yourself too!
Find Out if You Need Flood Insurance
Insurance policies are written with certain exclusions in mind. For example, if your home is not located within a federally designated flood zone, then you will not need to buy flood insurance. It’s also important to keep an eye out for other natural disasters that may affect your area and whether or not they might be covered by the homeowner’s policy you are considering.
Consider Your Deductible Options – Will You Be Able to Afford It if Something Happens to Your Home or Property?
One of the factors that are important to take into consideration when shopping for a new homeowners policy is your deductible. A high deductible means you will need to pay more out-of-pocket if something happens, but it can also save you money in the long run as insurance premiums are calculated based on risk and not total dollars paid back.
Consider Getting a Policy That Covers Both Windstorm and Hail Damage, in Case of a Tornado or Hurricane
Depending on where you live, it’s important to consider if windstorms and hail are a threat. If they are, then you will want to make sure that your policy covers these events in addition to the standard things like fire or theft.
If you’re searching for homeowners insurance in Indianapolis, IN, visit The Thompson Group at https://thethompsongroup.net
