Essential Insurance Tips for the First-Time Homeowner

Owning your first home can start an exciting chapter in your life. But before you sign the on dotted line, there are many pitfalls you must avoid. A lack of proper insurance can be one of those pitfalls. In today’s post, we’re going to give some essential home insurance tips.

Research Before You Buy

When you purchase your first home, it’s easy to get carried away and neglect to conduct your due diligence. We recommend that you carefully research different insurance plans, and that you understand the language inside the plans— some of the terms and their meanings can sound a bit convoluted at first. Look at the Comprehensive Loss Underwriting Exchange (CLUE) report for that property. The CLUE report will list the claims and losses on that property over the last seven years. All of your major questions should be answered before you purchase the property.

Factor Your Insurance Payments

Many first-time buyers fail to factor in their insurance payments when they calculate their mortgage. To keep your head above water, you must be able to afford both your insurance and mortgage payments.

Find Your Insurer Early Your insurer is a big piece of the puzzle, and it’s often best to find the insurance agency as early as possible. Kelly Williams Insurance is a homeowner’s insurance company in Long Beach, and we’re here to help every step of the way. Contact us today to learn more.

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