Having home insurance in CT is important for peace of mind and to protect your family’s largest financial investment. Unfortunately, many people who have a home insurance policy don’t know what’s in their policy or how to maximize their policy’s benefits. Here are a few things you should know about your homeowner’s insurance policy as well as some tips from Harrigan Insurance & Financial Services Inc. to make sure your investment is protected.
Know the Claims Process
Many homeowners make the mistake of thinking that the claims process for home insurance policies in CT are the same among different companies. Unfortunately, that’s not true. You can get similar coverage with similar prices from a variety of companies, but the claims process could be drastically different between those companies. Some insurance companies will pay for your entire claim at one time so you can start replacing items or making repairs. Other companies will only pay you a portion at a time throughout a scheduled period. Other companies will pay for the value of your possessions right after your claim, while others will require you to replace the items and then you will receive a reimbursement check several weeks after submitting your receipts for the items. Having an easier claims process is often the most important part of a policy – so know what you’re getting into before making your final decision.
Inventory Your Valuables
Being able to prove the valuables you had is one of the more important steps of filing a claim on your home insurance in CT. It’s more difficult to do this after a tragedy has struck, such as a house fire, vandalism or earthquake. That’s why you should inventory your valuables now. Go through each room with a video camera and film your valuables. Get every item that you own on film. Don’t forget to go through the basement, the attic and every other place in your home, including the garage. Store the film or photos in a safe place, such as a safety deposit box. Have a couple other copies made to give to one more trusted family members and friends so you will always have a backup. This will make the claims process much easier and your insurance adjuster will appreciate it as well.
Revisit Your Policy Regularly
Over the years, your situation is going to change. You might have done some improvements to your home that have added to its value, or inflation may have made your policy worth less than what you’ll need in case of a disaster. Every few years, you should go over your home insurance in CT with an agent from Harrigan Insurance & Financial Services Inc. to make sure you have the proper amount of coverage for your current needs.
Are you looking for a great deal on a homeowner’s policy in CT? If so, contact the experts at Harrigan Insurance & Financial Services Inc. With our experience, we can find you the best deal for your needs. Get more information at harriganinsurancect.com.
