Home Insurance for First-time Buyers

Buying your first home can be an exciting milestone, but it also comes with important responsibilities, like purchasing adequate insurance coverage.

If you’re a first-time homeowner, Best Florida Insurance Services, Inc. is here to guide you on the basics of home insurance and how you can find a policy that fits your budget.

What Does a Policy Offer?

Home insurance can help reduce the financial fallout of unexpected risks. While inclusions can differ by policy, standard options typically offer the following:

• Liability coverage can be beneficial if you’re held responsible for causing third-party bodily injuries or property damage.
• Dwelling coverage can cover damage to your home’s physical structure.
• Other structures coverage can help pay for repairs to detached structures like fences, garages and sheds.
• Loss of use coverage can cover hotel accommodations, meals and other expenses if a covered risk renders your home uninhabitable.
• Personal property coverage can help pay for the repair or replacement of appliances, clothes, electronics and furniture.

How Can First-time Owners Save on Insurance?

Homeowners insurance is a necessary purchase, but that doesn’t mean it has to be expensive. Here are some strategies that can help you lower your premiums.

1. Request and compare quotes from different insurers to find the best value for your needs and budget.
2. Purchase your homeowners and auto or motorcycle insurance from the same insurer.
3. Install storm shutters, security systems, smoke detectors and deadbolt locks.
4. Maintain a good credit score.
5. Increase your deductible, which is the amount you have to pay before your policy kicks in.

How We Help First-time Homebuyers

Our team at Best Florida Insurance Services, Inc. specializes in guiding first-time buyers through the insurance process. We’re here to explain your options, answer your questions and tailor coverage to your needs and budget. We also help you understand state requirements and lender expectations.

Ready to insure your home? Contact us today to get started with a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.