Many Rhode Island homeowners purchase home insurance to mitigate the costs of potential damage to their homes in the future. There are different levels of insurance coverage, so it’s important to pay for what you need without going over your budget.
Ask for a home inspection
Before you decide how much insurance to buy for your real estate assets, you can ask the insurer to conduct an inspection of your home. A home insurance inspection may help you to decide how much insurance to buy based on your home’s unique construction and condition.
A home insurance inspector will check the materials used on your home, the condition of your home as well as the plumbing, electrical and security systems. In addition to providing a recommendation about how much insurance you should purchase, the home inspector may also help you to identify areas of your home that need improvements.
Insurance inspections can save you money
If your home is well-maintained, getting an insurance inspection completed may help to lower your home insurance cost. While the inspector is in your home, you should let them know about improvements you made and any future renovations you are planning to do. Provide information about the alarm system and the damage prevention devices that your home has.
Home insurance inspectors are focused mainly on damage prevention, since they will be interested in how likely you are to file a claim. If you hope to get a discount on your insurance premium, you may want to make home repairs and upgrades ahead of the inspection. It’s also a good idea to have all of the documentation about work you’ve had done on your home ready to show the inspector.