P.J. Miller
Buying a home is a huge step for many people and there are numerous expenses that go along with the purchase. It can be difficult for homeowners to know what to buy or not. Is a home warranty worth it? Should you get home insurance and what amount? ChatterSource spoke with partner P.J. Miller to discuss reasons you should get homeowners insurance.
“There are also situations you may not have thought of when your homeowners insurance will kick in. For example, if you have a child that is a student living in a campus dorm room, if they experience a burglary or similar type of loss, most homeowner policies will extend liability and personal property protection – this is considered ‘off premise’ coverage.”
He added: “The type of coverage you need will depend on the value of your home, personal property, unique or expensive items, and personal liability to determine the right homeowners policy. An insurance agent can customize a policy, so be prepared to provide extensive information so they can quote the best rate for a policy.”
While home insurance can seem like an additional expense, there are many ways that you can save money by having a homeowner’s policy. Bundling with your car insurance will often allow you to get a discount, either on your home or car insurance.
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Questions about homeowners insurance? Contact Wallace & Turner at (937) 324-8492 in Springfield, (937) 652-8492 in Urbana, or info@wtins.com.