How to Buy Home Insurance

Homeowners' insurance is a necessity, something every property should have. If you have a mortgage, your lender will require coverage -- and if your home is mortgage-free than you should have coverage anyway. But not all insurance coverage is alike. Policies and protections differ, and so do costs. In essence, you want the most protection for the least number of dollars.

To determine which policy is best for you, and to find out about other policies, make a list of valued possessions and the types of coverage you'd generally like to have -- and then sit down with an insurance broker to review what's included (and excluded) from each policy form and the other forms of coverage which may be available. We can recommend some local insurance brokers. Once you have some names what questions should you ask? Here are a few to get you started:

• What form works best in your situation?
• What is included under the form you select -- and what is excluded.
• Do you have antiques and jewelry? What coverage are you getting? What coverage do you need?
• How much personal liability protection will the policy provide? What is the cost of additional coverage? What about an "umbrella" policy?
  

For a complete list, click here. For all your Real Estate Needs contact Nolting Real Estate at 636-391-9997 and/or www.NoltingRealEstate.com