The one thing that everyone in Kentucky who is on the market for homeowner’s insurance must do is shop around. Even if you absolutely detest the idea of calling different agents for quotes, you must suffer through. If you don’t, you may end up paying way more than you need to for homeowner’s insurance.
The first stop on your journey to secure homeowner’s insurance should be with any agent you already have a policy with. Some people have life, health or automobile insurance and find themselves looking for homeowner’s insurance. If this is the case with you, ask your agent for a quote on homeowner’s insurance. He or she may be able to combine your insurance needs into one policy that offers savings on each type of coverage.
You need to also be aware of how much insurance you actually need. People commonly over insure both their property and belongings. You are paying extra for that coverage so it’s only costing you money. Instead look at the situation reasonably and base it on what your dwelling and possessions are really worth.
If you have something in particular that is quite valuable such as a piece of jewelry or artwork, it’s a good idea to purchase a separate rider for that. A rider can be added on to your new or existing insurance policy and ensures that should that item be lost, stolen or damaged, that you’ll recoup the loss. This offers peace of mind to individual’s who fear losing something incredibly meaningful and valuable.
Look at your coverage again each year as it comes due. Many times people sell belongings or purchase new things or house prices change. You may find that you can lower some of your coverage which will help you to enjoy a better rate.