If you’re shopping around for home insurance, it’s important to ask the right questions. The insurance agents at Trahan Insurance Agency LLC, serving Griswold, CT, are happy to provide answers. Our customers choose to work with us because we answer questions promptly and accurately! Below are three questions that we recommend you ask your insurance agent when getting home insurance.
1. What Is Covered Under This Policy?
Although home insurance coverage tends to be standardized, you should never assume that you know all the covered events on a policy. Talk to your agent and read the policy to determine whether you’re comfortable with the level of coverage and list of covered events on the policy.
Some common disasters, like earthquakes and floods, are not covered by standard home insurance policies. Consider all the risks for the area where you live. If coverage for these events is not listed on the policy you’re considering, talk to your insurance agent about how you can get coverage for these higher-risk events.
2. What’s the Premium? Are There Any Discounts Available?
The premium is how much you’ll pay for the insurance per month (or year). Some insurance companies offer a discount for customers who pay for the year in advance. There may be other discounts, including discounts for bundling insurance policies. If getting a discount on your insurance premium is important to you, ask your agent about this.
3. Is This Policy Offering Replacement Cost or Actual Cash Value?
The replacement cost of an item is how much it costs to replace it with a new one, while the actual cash value of the item may be significantly less. Find out what’s covered under the policy you’re considering, as this could mean the difference between an easy recovery and a difficult one.
For more information about home insurance, contact Trahan Insurance Agency LLC, serving Griswold, CT. Our insurance professionals are here to help.