Obtaining home owner's insurance isn't as easy as calling the company and paying for a policy. There are a number of factors involved in getting approved for the home insurance. Below is a list of four things you'll need to keep in mind when searching for a home insurance policy.
Homes That Are in Disrepair
When purchasing an older home, or a home that hasn't been maintained in quite some time, you run the risk of being denied coverage by a home insurance company. The house may be missing some siding, have a roof that needs to be replaced or shows signs of missing shingles, or a porch that isn't safe to walk on. You may wish to discuss any issues with the insurance agent and find out if you can get approved if you complete the repairs by a certain date.
Hurricanes on the Horizon
If you purchase a home in some states that are prone to hurricanes, such as Florida, you may have to wait to get approval for your home insurance policy. Before putting your home insurance through, the company will look to see if a hurricane is on the horizon. If so, you will not get approved until after the hurricane has passed. Keep an eye on the weather to make sure your settlement isn't pushed back.
Homes With Certain Pets
The Center for Disease Control and Prevention (CDC) reports that 4.5 million dog bites occur each year. They go on to state that most of these bites take place in your home. Insurance companies are well aware of this fact, and as a result, they may deny you for home insurance if you own a dog that is from an aggressive breed, or that has a history of previous bites. Take this into consideration before adopting your next pet.
Trouble in the Backyard
Take a survey of your backyard to see if there are any issues that may prevent you from obtaining home insurance. Start off observing the trees and whether they are hanging in such a way that they could fall on your home or storage shed. Trees that have rotted are also a high risk. Then move on to the items in your yard. Home insurance companies do not like insuring swimming pools because of the risk of drowning. They also don't approve yards with trampolines that are not enclosed on all sides with safety netting.
For more information, contact companies like Germain Insurance Agency.