Home insurance is what protects your house should any unexpected and unfortunate event occur. However, it can only do its job properly if you bought the right policy, which many homeowners fail to do. Since there’s a wide range of home insurance policies out there, it’s common to make assumptions and mistakes that you will only realize when it’s already too late.
To ensure that you’re investing your money in the right policy, avoid the common mistakes that homeowners make.
Mistake 1: Under-insuring Your Home
When getting Atlanta home insurance, consider the replacement cost of your property. Some homeowners only insure the amount of the mortgage, but that’s only 80% to 90% of the house’s total value. In case the house has to be repaired or rebuilt, the supplies and labor required for it will not be insured. Before getting any policy, calculate the replacement cost of your house first so that you can avoid under-insuring it. Read more from this blog. http://bit.ly/2n7GFfX