Home insurance is an important product for homeowners to have. It would help if you chose the right policy to protect the value of your home. At W.B. Adams Company, we offer home insurance policies to homeowners in Beaverton, OR.
The following are three things you should do before you purchase a home insurance policy in Oregon.
Calculate your coverage needs
Homeowners need different coverage amounts depending on factors like the value of their home and their total assets.
You want to have enough coverage to cover the total value of your home in the event of a severe accident that destroys your property. You also need to protect your assets in the event of a liability lawsuit related to your home.
Get quotes from at least three different providers.
You definitely don’t want to look into home insurance from only one provider. It’s important to get quotes from a few different providers so that you can compare them.
When you compare quotes from various providers, you can select the one that offers the best value. Shopping around is essential when you purchase any product. Remember that home insurance is no different.
Factor your premium into your budget
Your home insurance premium is an ongoing expense that you need to pay every month. Making a late payment can leave you subject to expensive fees. Completely missing your payment could void your policy, leaving you susceptible to severe financial losses in the event of an accident.
The best thing to do is escrow your insurance payment with your mortgage to be sure that you won’t miss a payment.
Get in touch with us today at W.B. Adams Company to learn more about home insurance shopping. We’re here to assist Beaverton, OR homeowners with all their insurance needs.