Getting insurance is required when you get a mortgage. Most people's eyes glaze over during the signing of all these documents when this is all explained. And most people don't really consider how much their insurance premiums are, as they are all bundled into their monthly mortgage payment. But knowing what's in there, what's covered, and how to modify it to your advantage can not only save you money, but help you get more protection.
Most laws only require coverage for fire. So if your house burns down, you won't be on the hook for your mortgage. They require this by law, because most people wouldn't bother to pay their mortgage if their house burned down anyway. But there are a lot of other coverages you can get in addition to fire damage or destruction.
Getting your stuff stolen is more common than most people think. If you only have fire insurance, and somebody breaks into your house and steals all your possessions, they won't be covered. So make sure and talk to your insurance agent to see about this kind of coverage.
In order to be protected, you've got to document everything you've got. This is easy with digital photography. Just take a picture of everything, and if you can, record model numbers and serial numbers. This will help verify the value. Of course, having family heirlooms appraised will help getting reimbursed if anything happens.
Having a robust security system will not only protect your house, but it will keep your insurance premiums a lot lower. This is simply because houses with alarm systems are a lot less likely to be broken into. Even if you're on a budget, getting a inexpensive alarm will help. Burglars will see it when they're casing the neighborhood,and avoid breaking into your house.
Another thing that can help is to have security cameras. Just mounting a couple of them in obvious places will let everybody in the neighborhood know that you're serious about protecting your stuff. Creating this type of reputation for yourself will help out quite a bit.
Naturally, there are plenty of other kinds of insurance that will help. Flood insurance, earthquake insurance, and other natural disasters are something to take into consideration. Regardless of how long you've lived in your house, having a long discussion with your insurance agent can do a great deal to improve your safety and peace of mind. Don't put it off any longer.
Home security is very important. That's why more and more people are using surveillance cameras to help protect their homes.