Investing in quality home insurance is essential for homeowners in Jasper, AL. At Harris Insurance, we’re here to help you meet your home insurance needs in Alabama.
Unfortunately, Alabama homeowners frequently make home insurance policy mistakes that hurt them financially down the road. The following are three mistakes to avoid when you purchase home insurance in Alabama.
Failing to invest in flood insurance coverage
Flood insurance is vital for homeowners in any part of Alabama. Alabama homes can be especially susceptible to flood damage. This is especially true for those living in coastal areas or along the shores of any of the state’s many rivers and lakes.
As a homeowner, you should know that a home insurance policy doesn’t typically include flood coverage. You need to purchase add-on flood insurance coverage for your home insurance policy.
Purchasing an inadequate amount of coverage
Make sure you have enough coverage to compensate you for the costs of damage to your home. Ideally, you want to have a policy with coverage maximums large enough to compensate you for the full value of your property in the event of catastrophic damage.
Choosing a deductible amount that’s too high
Because home damage is especially common in Alabama, it’s crucial to anticipate claims on your home insurance policy. This means opting for a lower deductible amount.
If your deductible amount is too high, claims on your policy could create financial hardship for you. It might be better to pay a few dollars more in premiums every month so that the deductible you need to pay in the event of home damage isn’t too much for your budget.
Find the right home insurance policy to protect your home in Jasper, AL. Get started with our help at Harris Insurance. Contact us with your questions and inquiries.