A Few Common Questions for New Homeowners Insurance Shoppers!
So you’re a proud new owner of your first home…Congratulations! This is a monumental step in anyone’s life, and it is probably one of the biggest investments that you and your family will make. In order to keep your family and home properly protected, you’re going to need a great CT homeowners insurance policy. But since you have never gone shopping for a policy, how are you suppose to know what to look for and what to ask?
Well, here’s some common questions that you should be asking when searching for the right CT homeowners insurance policy.
If our home was totally lost, how much would it cost to completely rebuild it in the same location?
Your policy should cover the building costs of a new home from the ground up. The experts at Paradiso Insurance will calculate this all for you.
How much is personal property worth if a total loss were to occur?
Again, your policy should cover any replacement costs of all personal belongings like clothes, appliances and furniture. Usually insurance companies provide coverage equal to that of 50 to 70 percent of the insurance policy for your entire structure.
Liability? Do I need it and how much?
This is essential in covering costs involved with lawsuits for injury or property damage. This includes the cost of defending you in court, as well as any awards that the court may grant during the suit.
Should I invest in flood or earthquake insurance?
Since these natural occurrences and the damage caused by them are not covered on a standard CT homeowners insurance policy, many people go without this coverage. However with the recent hurricane that came through New England, it would probably be a smart choice to look into a policy.
