4 Ways to be an Even Smarter Homeowner

When it comes to owning and taking care of your home, common problems can end up costing you big. You probably don’t want to be caught off guard in the wake of an unforeseen event, so take a look at these tips to help you prepare for anything.

1. Follow a seasonal home maintenance checklist. 

It’s impossible to protect against every risk, but maintenance and regular inspections can help prevent inconvenient and even dangerous issues like a leaky roof, burst pipes or an electrical fire. Staying on top of a few basic tasks can also save you money in the long run.

2. Understand your deductible. 

Essentially, your deductible is the amount you’re responsible for paying toward a claim before your insurance takes over. Typically deductibles are set amounts ($1,000 for example), or a percentage of the entire amount for which your home is insured. Not sure how much your deductible is? Now’s the time to double-check it.

3. Know what is and isn’t covered. 

Two items homeowners are often surprised by are sewage backup and flooding. These incidents typically aren’t part of a standard policy, but with a few extra steps you can add them (and enjoy some extra peace of mind). 

4. Check your home’s insured value. 

Do you have enough coverage to rebuild your home given the current costs of construction? Some policies increase coverage automatically each year to account for inflation, but homebuilding costs in your area might have risen faster. Request an accurate assessment of what you’d have to pay to rebuild after a total loss and make sure you’re covered for that amount.

Have questions about anything? Reach out today.

Source: TWFG Insurance