3 Things to Consider when Purchasing Homeowners Insurance

3 Things to Consider when Purchasing Homeowners Insurance

You may be purchasing your first home and learning about all the exciting extras that come with being a homeowner. But did you know that you also need to have a Connecticut home insurance policy for your home? When you’re out looking for insurance, here are five things you should consider before purchasing your policy.

Coverage Level

One of the first things you’ll want to consider is how much coverage you’ll need. Your lender may require a certain level of coverage, so check with them first. The more coverage you have for your home, the better off you’ll be.

Replacement Cost or Cash Value

When purchasing a policy, you may have the option to consider whether you want a policy that covers the replacement cost of your home or gives you the actual cash value. Replacement cost is what it would cost to rebuild your home or make repairs while cash value is the amount it would take to repair or replace your home after depreciation.


Check with your insurance company to see if there are any available discounts you can take advantage of with your Connecticut home insurance policy. You may be able to save money by bundling your car or life insurance and certain home upgrades, such as an alarm system, may give you added discounts.

Getting a homeowner’s insurance policy can give you peace of mind and keep your home, valuables and loved ones protected in case of an incident. If something happens, you’ll be glad you invented in a quality policy.