What are the common mistakes people make when choosing homeowners insurance?
Many people overlook coverage limits, fail to compare policies, or underestimate the importance of liability coverage.
Can you explain why comparing policies is important?
Comparing policies helps you find the best coverage for your needs and ensures you're not overpaying for unnecessary features.
What should I look for in a homeowners insurance policy?
Look for coverage types, limits, deductibles, exclusions, and the insurer's reputation for customer service.
How can I avoid underinsurance?
To avoid underinsurance, regularly assess your home's value and update your policy to reflect any renovations or market changes.
Are there any specific exclusions I should be aware of?
Yes, common exclusions include flood and earthquake damage, so consider additional coverage if you live in high-risk areas.
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