(upbeat music)
Congratulations, you've just bought your first home.
Being a first time homeowner is an exciting,
life-changing moment.
As with many life-changing moments, though,
it can also present new risks.
As a homeowner, you should reduce any risks
to yourself and visitors.
And here's a breakdown of how home insurance can help.
Remember, no two homes are the same,
so be sure to speak to your agent
about a customized plan for your needs.
Property insurance, which is part of home insurance,
protects the physical structure of your home.
It may protect other structures on your property too.
Most policies will protect you
from financial loss associated with fire, theft,
vandalism, and storm damage, though not commonly flooding.
If something happens to the structure of your home,
call your agent to file a claim.
Your policy will always list a maximum coverage allowance.
This is the most your policy will pay
for repairs or replacement of your home.
Be sure the maximum coverage allowance is enough
to replace your home, not just pay off the mortgage.
Home insurance policies also protect
what's inside your home.
If you have high value items such as antiques,
fine jewelry, or collectibles,
you may need to get supplemental coverage for those.
Liability insurance protects
from claims made against you for negligence.
For example, if someone gets hurt on your property,
if you end up in court, liability insurance may help cover
your legal events as well.
Your agent will work with you to customize a plan
to fit your unique needs.
Be sure to update your plan each year and ask your agent
about any discounts you may qualify for to save money.
Contact your agent today.