What You Should Know Before Buying a Homeowner’s Insurance Policy

A Putnam Connecticut homeowners insurance policy provides you with compensation in case your home ever suffers any damage. Typically, your policy will pay for structural damage, the cost of any damaged belongings, and the price of legal defense in case someone is injured on your property.

 

What Does it Cover?

 

Homeowner’s insurance policies vary regarding what types of situations they cover. However, most will cover expenses related to:

 

  • The actual structure of your home and the electrical wiring, plumbing, air conditioning unit, and other systems
  • The price of losing access to your home while repairs or construction are taking place
  • Electronics, keepsakes, furniture, clothing,  and other belongings you keep inside of your home
  • Personal liability

 

Additionally, most Putnam Connecticut homeowners insurance policies will cover other structures on your property, like fences and tool sheds.

 

When Should You Buy It?

 

When you go to buy a new home, the lender you acquired a mortgage through will usually require you to have a policy in place before they provide you with financing. However, once you have a policy, it’s essential to review it once a year to make sure that you still have adequate coverage to meet your needs. Speak with an insurance agent if you feel like you do not have enough insurance or you want to review your policy for proper coverage amounts.

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