It is impossible to predict when a disaster will occur at your home. It might occur while you sleep, or it could even happen while you’re on vacation. There is simply no way to get around it — homeowner’s insurance is a necessity. Before purchasing a policy, make sure to read these important insurance tips.

If you need to live away from home because your house is not longer habitable, make sure you are aware in advance of what costs are covered by insurance. In many cases, though not all, your policy will cover the costs of living elsewhere if your home is so damaged that you have to relocate. You will definitely need your receipts to show for proof.

It makes sense to review your homeowner’s coverage as your family changes and your possesses increase. You should just look at the policy to determine whether you have coverage limits on high-value things like jewelry. You can ask for a rider for specific items if you want, so they are theft-protected.

Invest in a home insurance policy that has “guaranteed replacement value,” so you are not left living in a mobile home instead of the home that you have spent years paying for. This insurance type covers the complete cost of replacing a home with one similar in size and value to the one destroyed.

You should have a security system in your home monitored by an alarm company. This boosts your overall security but also makes you eligible for discounts on your policy. Obtain proof of the properly monitored system and demonstrate this proof to the home owner’s insurance agency.

Earthquake insurance is a must for those in high-risk areas. Most homeowner’s insurance does not cover earthquakes, so you will need to purchase an additional policy.

Alarm System

One way to score lower premiums is by installing safety features, such as smoke and fire detectors throughout your house. Besides protecting your home and its contents from fire, most insurance carriers provide policy discounts to those who have a home protected with a fire or smoke alarm system. Even with older homes that did not come with an alarm system, installing one can protect your family and reduce your premiums.

Raise your deductible and your annual premium will lower accordingly to reflect this change. You will want to do your homework on this, however, as smaller claims such as broken windows or damage from a leaky pipe may end up costing you, as you will be required to pay them.

Your home owner’s insurance policy should cover the cost of replacing your home. It would be a shame for a disaster to occur and for you to lose your home since you weren’t sufficiently covered. Remember that the price of building materials fluctuates on a regular basis.

Insurance Companies

You can avoid having to rely on the words of insurance companies with these tips. Many insurance companies will try to sell you coverage that you do not need. Utilize the above tips and create a policy that works for you.

There are tremendous opportunities for small businesses and social entrepreneurs to support their communities through community foundations, donor advised funds and other means of giving back. Find the neighborhoods in Seattle, Washington where you can make the most impact on the health of the community.