3 Questions to Answer Before Purchasing Homeowners Insurance

3 Questions to Answer Before Purchasing Homeowners Insurance

You are finally living in the place of your dreams, and now it is time to protect it. But, how do you know you are getting the insurance coverage you need without paying too much? Here are 3 questions to help you and your insurance agent in New Mexico find the right policy for your home.

1. How Much Liability Coverage Do You Need?

If you are renting or live anywhere with an HOA, there may be a minimum level of liability coverage required. Depending on what is required and your liability risk, you may want to purchase a policy with greater coverage. High liability risks include the following:

  • Swimming pool
  • High-risk pet
  • Short-term rental of all or part of the property

Your insurance agent in New Mexico can help you determine the level of liability coverage needed for your home.

2. Should You Purchase Flood or Earthquake Coverage?

Depending on where you live, flood and/or earthquake insurance can further protect your home when damaged by natural phenomena. Your agent should be able to answer questions you have about such coverage, including whether it is available or necessary in your location.

3. How Can You Get the Best Deal?

Many insurance agencies offer discounts or package deals depending on the types of coverage purchased. Your insurance agent in New Mexico should be able to help you navigate their options to get the best coverage at the best price.


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