Should You Purchase Home Insurance From Your Builder?
Monday, July 15, 2019
Should you purchase Homeowners Insurance from your builder’s preferred insurance agency? This question has become more common as Fort Mill and the Rock Hill region continues to grow. Is your builder a certified Insurance Agent, and do you understand all of the options and terminologies in the package offered?
As independent insurance agents, we have concerns about the coverage and protection being proposed through builders. Your home is a significant financial asset, and insurance coverage is not one size fits all. Rather, it should be customized for your family and lifestyle.
READ THE FINE PRINT
Your builder may recommend coverage that appears to be adequate, but in reality it’s actually very basic. Builders make it seem like they are doing you a favor by combining insurance with the mortgage payment. This is not anything special, as all agencies bill the mortgage escrow — clearly defined on your monthly statement.
On further inspection, the policy may not be realistic for the home you are buying. When reading the fine print, double check for special sub-limits, deductibles and, especially, the exclusions. Not sure what any of that means? We can explain and guide you in choosing the right home insurance coverage.
DEFINING YOUR INSURANCE NEEDS
Homeowners Insurance is different for every client. Sitting down face-to-face with your insurance agent is the best method for getting adequate and essential home coverage.
BE PREPARED FOR WORST-CASE SCENARIOS
The most valuable purchase anyone will likely make is a home. None of us want to believe that bad things can happen, but Homeowners Insurance is there to protect your significant financial asset. Our research has found that the carriers recommended by builders is often bare bones and does not provide adequate coverage.
ARE YOU COVERED FOR EVERYTHING?
Our job is to research the options for your personal situation, as every homeowner has complex and unique insurance requirements. We firmly believe that if the cost of the policy seems too good to be true, it is! At Independent Insurance Associates, we partner with several premier insurance providers, which allows us to find the most cost-effective coverage for your individual needs. We’ll discuss writing policies for covering jewelry, art and even flood insurance.
CHOOSE LOCAL PERSONALIZED SERVICE
The most exceptional service that Independent Insurance Associates can provide is personal contact, helping you through the confusing and intimidating process of determining protections and coverages for your home. It’s easy to become a victim of inadequate coverage when choosing an unknown insurance resource through your builder. Most claims will likely roll you to a call center on the other side of the country. Any questions or issues you have will be answered with canned responses and few solutions. By contrast, working with a local agent means personalized, detailed insurance coverage for you and your family.
We are your local Independent Insurance Associates for a reason. We love our community, and are here to listen to your personal story in order to design the perfect coverage for your new home. Feel free to contact us, we would love to schedule an appointment and meet you in person.
