How to Properly Purchase Homeowners Insurance in Plano, TX

How to Properly Purchase Homeowners Insurance in Plano, TX

If you are a first-time homeowner, make sure that you properly insure your home and avoid common home insurance mistakes.

Buying a home is a major investment and creates a brand new chapter in your life. It can also be an incredibly overwhelming process. The need to finally finish all the paperwork and move into your first home is why many new homeowners often look over the insurance portion of this process. Don’t be a bad first homeowner. Here are a few tips on how to properly purchase homeowners insurance in Plano, TX.

  1. Insure for the home replacement cost. Many first time homeowners often think that insuring their home for its market value is fine. But you actually want to insure your home for the replacement cost–that is, the cost it would take to completely rebuild your home.
  2. Liability insurance is a must. You may think liability is optional. After all, your friends would never sue you right? That may not always be the case. And what about other guests? If someone injures themselves on your property, you may be held liable and responsible for their medical bills. A liability insurance policy picks up the tab should any injury occur on your property.
  3. Home inventory list.  If your home is destroyed by a covered accident, then you may file a claim for everything you lost. But how are home insurance companies supposed to know you owned everything you claim? A home inventory list can help insurance companies confirm you owned everything on your claims list.

That’s why you should contact Tri-Star Insurance Professionals in Texas to get the best rate on your homeowners insurance in Plano, TX. Alternately, you can click here to learn how you can save up to 35 percent on your Texas home or auto insurance with our simple 5 step email course!