The New Homeowners Checklist for Home Insurance in Thousand Oaks
First-time buyer? Don’t forget home insurance in Thousand Oaks.
If you’re among those searching for their new house or shopping for a home loan, remember that your work isn’t done until you’ve sorted out your home insurance in Thousand Oaks.
Home insurance comes in two parts: building and content coverage. Simply, the building coverage protects the structure of the home, while your personal belongings are covered under contents insurance. Before you’re a homeowner, you’ll need to secure the right policy, and limits, for your new home and belongings.
Here’s how to get started on applying for coverage:
Gather information about the house. To get an accurate insurance quote, you’ll need to know the square footage, the number of bathrooms, the materials used for the roof and exterior walls, age and condition of the house, and the condition of the decks, patios, and garages.
Conduct a home inventory. List and record all of your items around your home in order to properly cover them. If you have items of high value such as jewelry, computers, coin collections, artwork, and musical instruments, consider buying endorsements to add or increase coverage for these belongings.
Determine what coverage you need. Buy enough coverage to replace your home if it is entirely destroyed. If your new home is located in an area that could potentially get flooded or experience earthquakes, always ask your insurance agent to add flood insurance and earthquake insurance.
Choose the highest deductible that you can afford. Although higher deductibles will lower your premium, you’ll end up having to pay more out of pocket if you have a claim.
Visit the team at Falsken & Associates Insurance Agency, located in Thousand Oaks. We serve homeowners in California with the right home insurance that their new property needs and deserves. Contact us today so that we can review your insurance program!