There are lots of things to consider when shopping for home insurance in Marysville, WA. How much insurance is needed, what kind of policies are available, can you get discounts, what’s a deductible, are all common questions. Some homeowners put off purchasing home insurance till the last minute and end up buying the first policy they’re offered because the escrow company has demanded an insurance binder. It is much better to plan ahead and consider the following items. That way you’re sure to secure the best deal when purchasing home insurance in Marysville, WA.
Determine the Insurability of Your Home
In order to get the best rate on Marysville, WA home insurance policy you need to supply your insurance agent with extensive information. They need to first determine the insurability of your home, and to do this accurately they need the following from you:
The date your home was built
How old the electrical and plumbing systems are
The type of roof your home has
The square footage of your house
Whether you have filed any claims in the precious 5 years, and if so how many and for how much
If you have a higher deductible on your home insurance in Marysville, WA you can save yourself some money. Insurance companies normally begin offering discounts at $500 deductible, and the amount of the discount increases as the deductible rises. You may find encounter some companies offering deductibles as much as $10,000. You need to exercise caution however, as many mortgage companies forbid deductibles over $1,000. Check with your lender or mortgage broker first before taking out a deductible over that amount.
How Much Home Insurance in Marysville, WA Do You Need?
Most Marysville, WA property insurance agents will use a cost estimator when calculating how much it will cost to replace any loss on your part. This at least ensures that you will get an independent and accurate figure regarding how much insurance you will need. Don’t be surprised if the estimate you receive is less than what you pad for your home. The quote will be for your home and property (contents and any other buildings on your land), the policy does not cover the land itself, only what’s on it.
Consider the Options
You can tailor your Marysville, WA home insurance policy by selecting certain options. Many homeowners often overlook the addition of liability coverage to their homeowners insurance. Liability insurance protects you if someone is injured on your property, or if you are responsible for damage to someone else’s property.
You should make it a habit to keep on top of your home coverage and review your policy on an annual basis, or at least every couple of years. This will make sure your coverage is up to date and adequate. You never know when you may have to rely on your home insurance in Marysville, WA.