Auto Insurance Louisville KY Serving Louisville for Over 35 years!
(502) 933-2255 | (800) 468-1215
Auto & Home
Insurance
Commercial
Insurance
Life
Insurance
Church
Insurance

If you thought that hunting for the perfect home in Kentucky was difficult, then you may be surprised at how difficult shopping for home insurance can be as well. Many first-time buyers end up buying either something more or less than what they need, but you can easily avoid such rookie mistakes with the tips below.

Buying Your First Homeowners Insurance PolicyWhat kind of protection do you need?

You probably already know what kind of insurance you’ll need based on Kentucky’s weather and the likelihood of, say, having a storm or earthquake in your area. But you also need to consider other threats that home insurance can protect you from.
  • Personal Property – Home insurance can include coverage for all types of damage incurred by your personal property. This may be due to trespassing, theft, vandalism or a similar crime.

  • Guest Medical Protection – In case something happens to a guest in your home and he or she decides to charge you for medical expenses, this will help you cover for it.

  • Additional Living Expenses – Think of this as having money to spend for a temporary home while your house remains uninhabitable due to an incident that is covered by your insurance policy.
Know the Difference between Limit and Deductible

A lot of first-time buyers often confuse the two, which then causes them to purchase an insurance policy that isn’t really suitable for their needs.

Deductibles are the maximum amount that you have agreed to pay for damages incurred in your property regardless of who is at fault. Anything excess that amount will then be covered by the insurance firm.

Limit refers to the maximum amount that your insurance firm will pay out. The higher your limit, the higher your monthly premiums will be.

And just in case you need reminding, premiums refer to the agreed amount you will pay either by installment or with one lump sum payment in order to purchase your insurance.

Find Out About Their Claim Processes

What are the steps that the insurance company requires you to take in order to file a claim? When considering the claim process of a particular insurance firm, it would be ideal if you can check for online reviews to learn what previous or existing customers have to say. Does the company get mostly positive or negative reviews?

No matter how low their rates are, if they are notoriously difficult to transact with when it comes to filing claims, then you’re better off signing up with another insurance company.

Be sure you know all there is to know about your Louisville homeowners insurance by asking the agents at Claude Reynolds Insurance. Find out how much we can help you save on your home insurance!


By Matt Reynolds - Google+
Posted 12:06 PM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
 
  Connect With Us: Social Social Social Social Social
Icon
Site Links

Home
Get A Quote
Our Companies
Testimonials
About Us
Contact Us

Claude Reynolds Insurance Agency, Inc. BBB Business Review

Louisville Auto Insurance Review

Icon Visit Us

Claude Reynolds Insurance Agency Inc.
6801 Dixie Hwy Suite 232
Louisville, KY 40258
Phone: 502-933-2255
Fax: 502-933-5057
Map & Directions
Claude Reynolds Insurance Agency Inc. | 6801 Dixie Hwy Suite 232, Louisville, KY 40258 | 502-933-2255
Powered by Insurance Website Builder | Online Marketing by One Thing Marketing