Homeowner’s insurance should never just be an option; it should be a priority. For most people, homeowner insurance isn’t the top consideration in the home buying budget. However, experts say you should have at least $300,000 as insurance coverage. Every new homeowner needs this beginner’s guide to understand the different types of homeowner insurance at their disposal and how to apply for home insurance in Raleigh, NC, to save money.
Do I Need Homeowner Insurance?
Your home is arguably the most expensive asset that you’ll own. Homeowner insurance will give you liability coverage if something goes wrong. It covers any damages and losses to your home and the belongings inside it, depending on the type of policy you choose.
Don’t skip it! Raleigh can have some big weather events like storms, lightning strikes. We can even feel the powerful effects of hurricanes too. These natural disasters can cause severe property damage. With homeowner insurance, you know your insurance provider will cover these damages without you having to pay hefty repair costs out of your pocket.
Types of Homeowner’s Insurance
You can always adjust your homeowner’s insurance to suit your needs but your coverage policy should include:
- Rebuilding expenses
- Replacement of personal belongings
- Injury and damage to your property
- Living expenses if your house is not fit to live in
Raleigh NC is a city filled with a mixture of new homes, condos, and older homes and Superior Insurance has homeowner insurance policies to suit your requirements and your budget. Plus we insure property all across the entire state of North Carolina.
- HO-3: The most common type, it covers all standard types of coverage, including your home, personal belongings, liability, medical expenses, and additional living costs
- HO-4: Renter’s Insurance
- HO-5: Comprehensive homeowner insurance, ideal for people with high-value belongings like jewelry
- HO-6: Perfect for condo owners
- HO-7: For mobile or manufactured homes like RVs and trailers
- HO-8: Ideal for older homes more prone to damage
Contact your insurance provider for further information on each policy.
How to Save Money on Homeowner Insurance?
The right homeowner insurance company will put you in the best policy that gives you the best insurance coverage while staying within your budget. But sometimes a cheap homeowner insurance policy is not the best option. Choose wisely.
Don’t be swayed by catchy advertisements. Do your own in-depth research, ask friends and family for recommendations and visit the shortlisted company’s website to make sure you choose a reliable service provider.
Understand Insurance Coverage Limitations
When choosing the type of homeowner insurance, ensure you understand what is not covered by the policy to avoid unpleasant surprises and financial setbacks later on.
Typically, homeowner’s insurance will not include:
- Flood damage
- Damage resulting from lack of maintenance
- Sewer backup
- Earthquakes and landslides
- High priced jewelry
Of course, these would vary depending on the type of coverage you choose.
Purchase Homeowner and Auto Insurance From the Same Company
Once you find a reliable insurance agency such as Superior Insurance, let them handle your auto insurance as well to save money. For example, having two or more policies with Superior Insurance can save you as much as 15%.
Apply For Homeowner Insurance
Choose the best homeowners insurance in Raleigh, NC, to access unique insurance solutions at the best possible prices, as low as $500/year. No matter where you live in North Carolina, you can sleep with the peace of mind that your home is in safe hands. You can’t prevent disasters, but you can be prepared to cover their damages. Get your insurance quote from Superior Insurance today. You deserve it. Your home deserves it.