Oyer Insurance Agency LLC - 2708 Cleveland Road - Wooster, Ohio 44691 - Phone # (330) 345-5819 - Email: TrentO@OyerInsuranceAgency.com

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Understanding Home Insurance

November 1, 2017

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    Your home is most likely your biggest asset or investment, so why would you not want to protect that investment with good home insurance?  Many people feel like home insurance is a necessary evil, until they have to use it.  Then it suddenly becomes the best choice they ever made. Wooster, Ohio has its fair share of weather related risks (more than you might think). You worked hard to purchase your home, so protect it, and your financial future.

    One of the main reasons that people are apprehensive about buying home insurance is because they do not understand it.  Here are a few tips you need to know when you are looking to buy your home insurance:

    ·         You need to understand and know the value of your home.  It is best to have an adjuster or assessment company perform the valuation.  You will need this information when you start the process of buying insurance, and you will need it in the case of a claim, where you need to replace a part of the structure.

    ·         You will need to understand how your premium is based.  It is based on the risk of where your home is located.  For example, crime rate in your neighborhood, if you live in a heavily wooded area, if you live in an area prone to flooding, and more are considered when determining your premium.

    ·         While your premium is based on risk, there are things you can do to save money on your premium as well.  You can receive discounts for having a home alarm system, fire alarms and sprinklers, updated wiring or electrical system, if your home is by a fire hydrant or police department, and more.  Always ask about the discounts offered.

    ·         Your home policy will not only include coverage on the structure, but will also include coverage on your belongings.  It is best to take a complete inventory of your belongings and with dollar amounts.  Do not guess, it is best to have this list as accurate as possible.  You can even take photographs if needed.  Anything that will help in the event of a claim.

    ·         Keep your inventory of belongings in a safe place.  It is best to keep it in a bank safety deposit box, or at another location, such as where you work or with a family member or friend.  Also, having multiple copies at different locations is a great idea.

    ·         Before deciding on the policy to purchase, make sure you understand exactly what you are covered for and what you are not covered for.  You do not want to be under the assumption that you are covered for a flood, only to find out in the middle of one that you are not.

    ·         Be sure that you get the exact instructions on how to file a claim and what is required.  This will make it easier come claim time and in the stress of disaster.

    Deciding on home insurance should not be a difficult process.  Follow the steps above and get a home insurance quote today for some much  needed peace of mind. Click here to talk to Trent for more information.

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