1. Choose Insurance with Best Coverage, Not Best Price

For many homeowners, insurance has always been an afterthought. In fact, they don’t know that they need insurance when buying a home. Also, many people insist on getting the best deal on their homeowner’s insurance.  It’s not about getting the cheapest policy but getting the best coverage. 

Problems may arise if you consider price when buying insurance. You need to be aware that your life insurance may not offer protection for your home. Yes you may be able to save a thousand or two pesos but your current insurance may not provide you with the funds you need to cover financial losses in case your house gets damaged or need to be repaired. 

2. Maintain Your Home 

If you own a car, you would probably have the oil changed, body repainted, or add accessories and other enhancements. In the same way, your home would require regular maintenance. You live on it every day and add appliances and furniture from time to time.  Thus, you need to take care of it. 

Getting home insurance from Assurance.PH would help cover any repairs or renovation costs. If you need to move out temporarily while your house is being renovated or repaired, you may even be covered for the rental fee and other expenses, depending on the provisions of your policy. 

3.  Prepare For Emergencies 

Natural disasters like floods, earthquakes, and fires can happen at any time. When this happens, are you ready to pay the cost of repairs or damages out of your own pocket? Homeowners insurance will provide you with the defense that you need during these natural calamities. 

Aside from insurance, you can also do additional preparations like installing safety features and having an evacuation plan during calamities. You need to have an emergency kit in place should there be a need to evacuate. Important documents also need to be stored. 

4. Ensure Safety In Your Premises  

This is very much applicable if you have a rental property. You’ll never know when one of your tenants or their visitors gets involved in an accident or suffers an injury in your premises due to unsafe surroundings. You could be held liable for any injuries on your property You can spare yourself from any lawsuits by ensuring that you have liability insurance. 

Liability insurance will cover the costs for any injuries that might happen to someone while inside your property’s premises. Lawsuits are risks that you don’t want to experience because they can be costly. To completely avoid them, ensure that there are safety precautions in place on your property. When your tenants complain about leaks or damages that need to be repaired, you should immediately act on it. 

5. Inspect Property Conditions 

Wear and tear can lead to some issues in the long run. Natural calamities like rains and strong winds can damage your roof and cause it to leak. It can also cause your garage pavement to start cracking. For this reason, you need to conduct a home inspection to check for any hidden issues that need repairing. 

By inspecting your property, you will be able to know the real condition of the structure, foundation, plumbing, electrical systems, and others. Your insurance provider may be able to cover the costs you will incur for the repairs of any damage that will be assessed by an inspector.