If you’re buying a new home, it is vital to make sure that your homeowners insurance policy is affordable and provides good coverage. This can be affected both before and after accepting an insurance policy. Beforehand, make sure to carefully read the terms of your insurance policy and ensure that it is both affordable and covers the major risks of home ownership. Afterwards, stay in close contact with your insurance provider and keep close records of any home improvement projects you undertake. Some projects have associated risks that can increase the cost of homeowners insurance, and this can be compounded by poor record keeping. Be sure to consider how any project would affect your insurance rates well ahead of time. For those buying a new home and those in the homeowners insurance business, we found a useful article on the subject of keeping homeowners insurance costs low: https://mortgageinsurancepremiumdeduction.com/tips-for-keeping-homeowners-insurance-costs-down/
