How to Determine the Right Amount of Home Insurance for Your Home

Here at Alcorn Insurance Agency, serving Centralia, IL, we know how important it is to have home insurance on your home. Even if you are not required to have an insurance policy to cover your home by your mortgage company, it is still one of the best things that you can do to protect your largest investment. If you know that you are wanting to have a home insurance policy, you need to make sure that you get the right coverage amounts. Use these tips to make sure you do exactly that.

  • Have enough coverage equal to the value of your home. This is the first thing to consider when you are looking at policies. If you do not have a policy that would cover the entire value of your home and your home is destroyed in some kind of accident, you will have to pay for any gaps in coverage in order to get your home rebuilt.
  • Check the value every few years. It is not enough to cover the value of your home when you first get insurance but you also need to take into account any increased value that comes over time. You should think about increasing coverage anytime there is a marked increase in your area or simply every 5 years.

Now that you know how much home insurance you really need to have, it is time to start looking at policies. You want to make sure that your home is insured as soon as possible. If you would like to get a free quote, be sure to reach out to us here at Alcorn Insurance Agency, serving Centralia, IL. We will make sure you get exactly what you need with a policy that meets your budget.