Buying Homeowners Insurance is Confusing, 4 Tips for First-Time Buyers

In homeowner's insurance, Homeowners' Policy, Insurance Industry on March 7, 2014 at 1:32

When it comes to searching for the right homeowner’s insurance policy, the experience can be overwhelming but the wrong coverage can end up causing more harm than good when you need it the most. Here are four tips for first-time buyers to guide them to getting the best coverage for their needs:

1. Compare coverage from at least three companies. It’s a buyer’s market out there for those looking to buy insurance and insurance companies are fighting for your business. Shop around and compare coverage, price and customer reviews for the best value for your money, not just the cheapest price.

2. Escrow your insurance payments with your mortgage payments. Lenders prefer you to tack on your monthly insurance payments onto your mortgage check. This lets them know your insurance premiums are being paid, and their investment is protected.

Read the last two tips!


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