There are so many different hidden costs to consider when buying a new home, but one aspect you should be thinking about early on is your homeowner’s insurance coverage. With all the excitement that comes at this important part of your life, it’s easy to go with the flow and use a nationwide insurance provider that has been recommended by your real estate agent. However, there are many advantages to working with a local independent agent. Before your mortgage lender hands over the funds you need to close on your home, they need to make sure that you’ll be protecting your new investment. Keep reading to learn more about the benefits of going local and how to find the best home insurance provider to fit your needs.
What is the Best Home Insurance Company for Me?
There are many reasons why Wisconsin homeowners choose to work with an independent agency. But at the top of the list for most is the fact that an independent insurance agent represents a wide variety of providers. This means that they can take into consideration your individual needs and budget to match you up with the best possible policy. You can get several quotes all in one place and make an informed decision about your policy limits.
Additionally, even if you’ve worked with an insurance provider in the past for your auto insurance policy or small business-coverage, there can be certain factors that prevent you from securing a comprehensive home insurance policy. If a provider has specific underwriting rules that disqualify you from purchasing coverage, you’ll have to start your policy search all over again. Some of the most common reasons why you may be denied coverage include:
- History of past insurance claims
- Operating a small business from home
- Any lapse in coverage
- Living in a high-risk location
- Home maintenance needs (like a cracked foundation, leaky roof, additions of outbuildings that aren’t up to code)
- A low overall insurance score
- Criminal convictions
Finally, it’s essential that you take the time to research the insurance agencies that you’re considering before signing a homeowner’s insurance policy. Even if you’ve heard good things from friends and family, or you’ve seen different big-budget ads for a provider around town—there’s still a chance that their business practices may not meet your standards. Check out our reviews on our website and Facebook.
Contact Wolfgram Insurance Agency Today
Buying a home should be a joyous time for you and your loved ones. But if you don’t have the best home insurance policy in place, there’s a good chance you could delay the closing on the home of your dreams. Whether you’re a first-time home buyer in Wisconsin or you’re interested in updating your current homeowner’s insurance policy, our experienced and friendly local gents are here to help. Give us a call at (262) 349-9605 or contact us today for more information and be sure to request a free quote.