We are about in our first settled, we do not know the first thing is to buy homeowners insurance. How do we start, what we need to know?

For the first time home buyers Congratulations on! You usually get your car and home insurance discounts if you have these two in the same company policy – to get a quote from a company to handle your auto insurance begins. If you have a car insurance agent to find out whether he or she applies to one company or several companies who are independent brokers. Independent broker can give you a quote several insurance companies. You may also want to contact a few large individual insurance companies such as State Farm, it is not through independent sales agents. If yOU in any military aspect of your family, it is worth contacting USAA, too (see page USAA, who is a qualified list). If you do not have an independent agent, you can find a broker looking through independent agents in your area and the United States.

But before you start comparing quotes, you need to decide how much coverage to get. The insured value of a home is based on the cost to rebuild the house, rather than market value. And even if the market value is still down in many areas, reconstruction costs are on the rise. You can rebuild cost AccuCoverage.com home, which requires a large number of estimates of the size of the house, building materials and details, and then use the same database construction costs, the insurance companies. Or you can be estimated W¯¯ Orcs and agent or insurance company.

Home owners insurance automatically provides coverage based on the insured value of your home a certain percentage of your property –75% is typical. So, if your home is insured $ 200,000, you have up to $ 150,000 to cover your property. However, homeowners insurance policies typically limit for certain types of projects – such as $ 2,000 or $ 3,000 for all of your jewelry, for example. If you have any special something valuable – such as jewelry, works of art or special collections – items you may want to get additional coverage. See What is homeowners insurance really cover?

For more information on the special report valuables, you also need to choose the amount to be deducted IBLE. OneA good way to reduce insurance costs is to select at least a $ 1,000 deductible. This will reduce your premiums, and encourage you to apply for small claims, you can let off by the insurance company or cost you a free-claims discount. Then, be sure to keep enough money in your emergency fund to cover the deductible if you need to make a claim.

Before you fancy an insurance company, through the National Association of Consumer checked the source of information for the insurance company’s complaint record of Insurance Commissioners. Save a few bucks premium, if your insurance company may be counter-productive at both ends of the hassling you about the statement.

If you’re worried about flooding, which is not part of the family property insurance, go to www.floodsmart.gov to see the risk of floods and GE’s family of fast hardware prices through the National Flood Insurance Program flood coverage. You can purchase flood insurance Most homeowners insurance agent. Your mortgage company may require flood coverage if you live in a high risk area, but it may be worth getting even if it is not necessary coverage. For more information please see Protecting your home against floods and finance.

When you get into your new home, this is the perfect time inventory, which will simplify the claims process, claims in the future if you have to submit. Take pictures or video of each room, keep the receipt valuables, and keep the local copy of the document far from home, so if you need can be easily accessed. See How to Prepare an emergency to detail.