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Do I Need Homeowner’s Insurance?

Posted September 29, 2016 by Eric Tiffany in Uncategorized

Do I Need Homeowner's Insurance?

Taking the steps necessary to own a home is an exciting time for a first-time home buyer. Buying a home is a major achievement in life on the path toward fulfilling the American dream. It can also be a daunting time, with many new things to consider. One of the important concerns is having adequate homeowner’s insurance.

Anyone who owns a home must have homeowner’s insurance to have peace of mind. Additionally, most lenders require at least basic home insurance to cover any loss that impairs the repayment of the home loan. Having just basic insurance coverage is usually not satisfactory from a homeowner’s point of view, however.

Home Insurance and Flood Insurance

Obtaining home insurance is not as simple as it might sound at first because home insurance comes in a variety of types. For those homes located in a flood zone, getting flood insurance coverage, which is a separate policy, is an important consideration in addition to having home insurance.

A first-time home buyer could benefit by having a relationship with a highly qualified and competent insurance agent at Hal Tiffany Agency. Our agents will carefully explain the choices available and offer guidance to help you make a good decision.

Hal Tiffany Agency is a full-service independent agency dedicated to helping clients get the best insurance coverage possible. The best insurance coverage is not necessarily the cheapest policy available, as inadequate coverage may expose the homeowner to extraordinary risk that is not desirable.

The best home insurance policies cover the replacement cost of a home. That way, if there is complete or partial destruction of the home by some disaster, the insurance proceeds allow rebuilding it exactly as it was.

Understanding the Extent and Limits of Coverage

It is important to discuss the specifics of insurance coverage with your agent to understand the extent of the coverage and the limits of the coverage for the dwelling, contents (personal property), and any liability for injury of someone caused by an accident on the property. For the dwelling coverage, the best home insurance policies cover the replacement cost. That way, if there is complete or partial destruction of the home by some disaster, the insurance proceeds allow rebuilding it exactly as it was.

Insurance Review and Future Needs

A dedicated insurance agent at Hal Tiffany Agency helps clients compare insurance from different carriers and helps them get as many discounts as possible to lower the policy premiums, such as those offered by some insurance carriers for having smoke alarms and a security system in the home. There may also be discounts available for having a good credit score and for obtaining more than one type of insurance coverage from the same carrier. An insurance agent at Hal Tiffany Agency will conduct a complete review of your existing insurance, as well as consider future needs when making a recommendation.

If you are buying a new home or thinking about it, call Hal Tiffany Agency today at 651-484-4002 or contact us, to get the best advice about what homeowner’s insurance you need.

Have more questions about homeowner's insurance? Contact us!

Hal Tiffany Agency Appreciates Referrals and Reviews

Enter to win a $500 VISA gift card when you refer someone to our agency or leave us a review. Call us today at 651-484-4002 to receive more information about how to enter our sweepstakes. It’s fun and it’s easy! No purchase necessary.

* By participating in the Hal Tiffany Agency Giveaway Sweepstakes, you are not obligated to purchase insurance from our agency or our agent, Eric Tiffany. Participants must be 18 years of age or older to enter and must reside in the state of Minnesota.


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