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Robb’s Top 10 Home Insurance Tips
Because “I didn’t know” is an answer a 3rd grader gives not a homeowner.
1st
Understand Your Policy Coverage
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Know what your policy covers and what it doesn't. This includes understanding the types of perils (events like fire, theft, or windstorm) that are covered and any exclusions.
2nd
Maintain Adequate Coverage
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Ensure your home is insured to its full replacement value, not just its market value. This includes keeping your personal property coverage up to date as you acquire new items.
3rd
Know Your Deductible Amounts
Be aware of your deductibles for various types of claims, including separate deductibles for windstorms, hurricanes, or other specific perils. Understand how these affect your out-of-pocket costs.
4th
Keep Records of Your Belongings
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Maintain a detailed inventory of your personal property, including photos, receipts, and descriptions. This will make it easier to file a claim if your belongings are damaged or stolen.
5th
Update Your Policy After Major Changes
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If you renovate your home, add an addition, or acquire valuable items like jewelry or art, update your policy to reflect these changes. This ensures you’re fully covered.
6th
Understand Your Exclusions and Limitations
Familiarize yourself with what your policy does not cover, such as flood damage or mold. Consider purchasing additional coverage if necessary.
7th
​Consider Flood Insurance
Flood damage is not covered under standard homeowners insurance policies. If you live in a flood-prone area, purchasing a separate flood insurance policy is essential.
8th
Perform Regular Home Maintenance
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Regular maintenance helps prevent damage and may reduce the likelihood of having to file a claim. It also helps avoid claim denials due to neglect or lack of upkeep.
9th
Be Prepared to File a Claim
Know the steps to take immediately after a loss, such as contacting your insurance company, documenting the damage, and understanding your rights during the claims process.
10th
Review Your Policy Annually
Review your insurance policy each year, especially before renewal. Ensure that your coverage limits, deductibles, and personal property inventory are up to date with your current needs.
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