As a homeowner, you understand the importance of having a comprehensive home insurance policy. Accidents happen, and you never know when a storm will force you to replace your roof. However, if you’ve never purchased coverage before or haven’t updated your policy in a few years, you may be wondering just how much your insurance will do for you. Here are a few tips to help you get the most out of your coverage, whether you’re buying it for the first time or simply rehashing your existing policy.

3 Tips to Get the Most Out of Your Home Insurance Policy

1. Get the Coverage You Need

The last thing any homeowner wants is to be underinsured. Before you start shopping for a policy, consider how much your home is worth and how expensive it would be to rebuild if the structure was destroyed. Take inventory of all your belongings, from clothes to the food you keep on hand. Add this to the value of your home and work with your insurance agent to find a policy that will cover your possessions. This way, your out-of-pocket expenses will be minimal if you ever need to file a claim.

2. Understand What the Policy Covers

Unfortunately, standard home insurance policies do not cover every possible disaster. Typically, you’ll be protected from fire, vandalism, theft, and certain weather events, but not all of them. Before you invest in coverage, make sure you understand what the policy covers and what disasters will require supplemental insurance. Remember, you can always add coverage later if you decide it’s necessary.

3. Ask About Discounts

Believe it or not, most insurance providers offer discounts on coverage, though they likely won’t advertise them. Ask your insurance agent if you’re eligible for any discounts. If you have multiple policies with the same provider or just upgraded your home with energy-efficient appliances, you may be entitled to savings on your monthly premium. Ask about discounts each time you re-evaluate your coverage as insurance providers are constantly offering new savings.

Looking for quality home insurance to protect your new house? Contact the team at Phil Taylor Insurance Agency in Clarksville, AR. Their experienced agents have helped residents find high-quality coverage since 1960, and they will work to find the perfect policy for your needs. Whether you need homeowners insurance for a new property or want to upgrade your auto coverage, their team will help you find customized protection. Learn more about their services online, and call (479) 754-2616 to request a free quote today.