If you’re getting your first homeowners insurance in Antioch, CA, here’s what you need to know.
Homeowners insurance in Antioch, CA is designed to protect your home-sweet-home and all of your contents, while safeguarding your financial future. In essence, it’s viable protection for every family who has invested in a house.
Whether you’re looking into your first home insurance policy or hoping to understand the basics of it, here’s what you need to know!
You need home insurance.
Homeowners need to purchase this insurance coverage to protect their house and personal property. Those who rent will need to opt for a renters’ insurance policy.
Know how much coverage you need.
The better your coverage, the less you’ll have to pay out of your own pocket when disaster strikes. In some cases, your lender decides how much coverage you’ll need and may require certain limits that match the mortgage. The amount of coverage that you buy for your house, contents, and liability will affect the price that you pay.
Always compare deductibles.
The deductible is the amount that you have to pay out of pocket on each claim, and it applies only to coverage on your house and personal property. Make sure that when you choose a policy, that you’re comfortable paying the deductible if you have to make a claim. Policies with a higher deductible may be available at a reduced price.
Replacement Cost or Actual Cash Value?
You’ll have the option to choose to insure your home and belongings for either replacement cost or actual cash value. Replacement cost is the amount it would take to replace or rebuild your home without deducting for depreciation. Actual cash value is the amount it would take to repair or replace damage to your home after depreciation.
Read your policy carefully.
It’s critical to know what is covered – and what isn’t – in your policy. Most homeowners insurance policies don’t cover financial coverage from floods or earthquakes. Fortunately, these two coverages can be purchased separately! In some cases, you’ll need a customized home insurance policy.
Are you ready to get started on the right homeowners insurance in Antioch, CA for you and your home? Contact the professionals at Jack Stone Insurance Agency, serving Antioch, Brentwood, and neighboring cities in California who can guide you through the process.