Purchasing a new home can be a source of anxiety. However, you don’t have to worry about having the right coverage if you rely on our team at Garrison Insurance Group in Lilburn, GA. One of the essential tasks for all new homeowners is to read their policy. The more you understand, the better equipped you are to adjust anything that doesn’t quite suit your needs.
Deductibles Apply to Many Coverage Areas
A deductible is the out-of-pocket payment you’ll need to cover before the insurance company begins coverage. It will be deducted from the amount they will pay out. The higher your deductible, the less you will pay for your policy. You determine the deductible amount that works for you.
Personal Property
The contents of your home can be covered in one of two ways. You can choose to take the current value of your items, which means you get the value of a three-year-old sofa or a four-year-old blender. Alternatively, you can opt for replacement cost, which gives you the amount you would pay today for a new sofa and a new blender.
How to Earn a Discount
If you install an alarm system in your home, you may be eligible for a discount. Bundling your policies with one carrier can also earn a substantial discount. Talk to your agent to learn more.
Not Everything is Covered
All insurance policies have exclusions, and home insurance is no exception. Floods, sinkholes, earthquakes, and owner neglect are all things that a standard home policy doesn’t cover. Read your policy to understand your exclusions.
At Garrison Insurance Group in Lilburn, GA, our independent insurance agents will be there every step of the way with the information you need. Call us today.
