Your Ft. Worth, TX home is a safe haven to you, your family, and your pets. However, if left unprotected, it can become vulnerable to risks like fire, theft, and natural disasters. Many people usually think that danger is always far until it strikes close to home. With this in mind, you better stay ahead of risks by investing in home insurance from Main Street Independent Insurance Agencies Inc. And when getting coverage from us, here are five blunders to avoid.
Buying inadequate coverage
Whether by mistake or design, buying insufficient home insurance coverage is a recipe for disaster. In case of a major event, you will receive less compensation for your damaged home. Not sure how much home insurance you need? Consult with your insurance agent.
Thinking home insurance covers everything
While your home insurance policy is pivotal in covering you against various risks, it has exceptions and exclusions. Typical home insurance doesn’t cover damage from floods, earthquakes, intentional damage, and nuclear war. That said, knowing what your home insurance covers is integral in purchasing “riders” to boost your policy.
Setting a too low deductible
If you set a deductible that is too low, you will pay higher premiums. While choosing a low deductible isn’t a bad thing, it just means high premiums that you could have difficulties keeping up with.
Failing to update your insurance policy
We usually recommend homeowners review their home insurance at least once every year. But sometimes, you don’t need to wait for a year to lapse to update your policy. If you incur significant renovations, introduce a dangerous pet, or start a home-based business, you should inform your insurer immediately.
Getting it wrong with an insurance agent
An insurance agent is a lifelong financial partner. In light of this, you should opt for a knowledgeable and trusted insurance agent that has your interests at heart.
Learn more about home insurance
Need to learn more about home insurance? Please get in touch with Main Street Independent Insurance Agencies Inc. You can also visit our offices in Ft. Worth, TX to chat with one of our agents in person.