What First-Time Homebuyers Need to Know About Home Insurance

First-time homebuyers make up approximately 33% of all buyers, according to the National Association of Realtors. As a first-time homebuyer, you’re new at this. You’ve never done it before, and your lack of knowledge could cost you time and money with home insurance. Griffin Insurance Agency in Mooresville, NC specializes in working with first-time homebuyers. So, here are some tips you should know if you’re a first-time homebuyer in need of home insurance.

Start Looking for Coverage Options Early

We offer quotes for home insurance coverage no matter where you are in the home-buying process, but it’s better to start early so you have a better idea of the cost. We can make sure you get reliable coverage for your new home.

Determine the Best Insurance Value

As your local insurance provider, we help you understand what level of coverage you need and what that will look like for premiums. Your home insurance does not have to cover the full market value.

What to Consider in Home Insurance Coverage?

We work with you to deliver the level of coverage that you need, based on your unique circumstances. There are overarching home insurance considerations for all new homeowners.

Personal Property

Check the limits for personal property to see coverage and liability. We work with you to determine how to increase that coverage if needed to cover your most valuable belongings.

Guest Medical

This coverage pays the person’s medical expenses when he/she is injured on your property.

Dwelling Coverage

This coverage protects the structure of your home.

Liability Coverage

This type of coverage protects you if a person sues you because of an injury or fault with your property.

Additional Living Expenses

When a covered damage-and-repair situation makes it impossible to live on the property, this coverage pays for your living expenses, including a hotel room.

Exclusions

Check the exclusions for your policy. We can work with you to determine if you need additional coverage to mitigate exclusion situations.

Schedule an Appointment with Griffin Insurance Agency

Our goal is to make the process of getting your home insurance for your new home as quick-and-easy as possible. That’s why we quickly respond to your needs, and we offer our recommendations for the coverage to protect your new home. We’re here to answer all your questions and walk you through the entire process. It’s the right coverage at the right price for you. Learn more about auto insurance from Griffin Insurance Agency in Mooresville, NC.

When should I get a home insurance policy in North Carolina?

Anyone that lives in the Mooresville, NC area should consider purchasing their home. When you are a property owner in this area, you can take advantage of the appreciating property values and also have a consistent place to live. While there are advantages to owning a property, you need to recognize certain risks. A great way to mitigate some risks is by getting a home insurance policy. There are many reasons to get this form of coverage in North Carolina. 

When Looking to Protect Asset

The first situation when you should get a home insurance policy is when you want to protect your asset. Even if you are very diligent as a property owner, there is always a risk that damage from a fire or adverse weather could occur. One way to mitigate this risk is by getting home insurance. When you have this insurance, it will provide you with the financial resources to either repair your home or purchase a new one. 

When Looking to Reduce Liability Risk

As a property owner, you are always going to take on some risk that a guest in your home gets hurt. If this occurs, you could be held liable for the damages. Fortunately, you can get a home insurance policy that will give you liability protection. This could prove to be very valuable in a situation where there is an unfortunate accident.

There are many situations when someone in the Mooresville, NC area should get home insurance. When you are looking for this type of coverage, you should call the professionals at the Griffin Insurance Agency. When you speak with the Griffin Insurance Agency, you are going to learn a lot more about your options for finding a policy and protecting you and your home. 

Tips to prepare your home for spring to avoid insurance claims

Most homeowners in North Carolina know the importance of having comprehensive insurance policies in place to protect them in the event of a loss. There are also plenty of steps homeowners’ can take to help avoid claims in the first place. The agents at the Griffin Insurance Agency in Mooresville, NC have put together some helpful spring maintenance tips to help you avoid insurance claims. 

Clean the gutters 

As homeowners in the area know well, springtime can bring warmer temperatures but also a lot of rain. It is critical to have your gutters cleaned before spring to ensure water can properly flow away from the house. Clean gutters help protect your home from water damage and avoid an insurance claim. 

Dryer lint house

One of the most common ways house fires start is from a clothes dryer lint hose. Springtime is a great time to clean your lint hose to avoid a fire and insurance claim. It is also good to replace the hose every few years. 

Clear debris from walkways

When spring comes, you will likely have more guests over for BBQ and other gatherings as the weather improves. It is essential to remove any debris such as tree branches that may have fallen during the winter months. Clear walkways will help ensure your guests do not trip and fall, which could lead to liability claims. 

Water heater maintenance

It is a good time of year to check on the condition of your water heater. Over time, the bottom of your water heater can start to erode due to sediment build up as well as leaks at the connection pipes. By repairing or replacing a water heater that leaks, you will avoid unnecessary water damage claims. 

If you would like to learn more about spring home maintenance tips, reach out to the agents at Griffin Insurance Agency today. We proudly serve the Wilkesboro and Mooresville, NC area.

 

Why I Need A Home Inventory

Mooresville, NC is located near beautiful Lake Norman in Northwestern North Carolina. It is an amazing place to live and own a home. But even in this idyllic location, bad things can happen, and when they do, they may cause damage to your home. Having something damage or destroy your home causes a lot of stress in your life, and part of that stress is trying to fill out the paperwork required by the insurance company to collect on your home insurance. Having a home inventory is one way to take away some of that stress. Griffin Insurance Agency in Mooresville, NC has experienced staff who can help you to understand why you need a home inventory. 

The Benefits of a Home Inventory

If you have ever seen the results of a home fire, hurricane, or tornado, you know that often the interior of the home is devastated. Everyone hopes that this will never happen to them, but it is always best to be prepared. Part of the coverage that is included in home insurance is personal property coverage. This includes all the things you own beyond the structure of your home, garage, or shed. You need to let the insurance company know what you had before the damage was done so that they can give you the money to replace it up to the limit included in your policy.

You probably think that you can remember all the things you have, you are wrong. Once you start to create a home inventory, you will realize exactly how wrong you are. A home inventory will help make sure that you get the benefits you are entitled to. At Griffin Insurance Agency in Mooresville, NC we understand how important a home inventory is and we will be happy to give you ideas about creating yours and also making sure that you have the right insurance coverage. Give the office a call or stop by, you will be glad you did. 

Do I need home insurance if I don’t have a mortgage

Mooresville is one of the most beautiful places in North Carolina. It is a popular place to live, being so close to gorgeous Lake Norman. It is a great place to retire, and if you decide you want to live there, you may be wondering if you need home insurance if you don’t have a mortgage. At the Griffin Insurance Agency, we are local to Mooresville, NC, and we would be happy to discuss your home insurance needs with you. 

Do I need home insurance if I don’t have a mortgage?

No, legally, you are not required to have home insurance. But that does not mean that you should not opt to have home insurance. Unless you are independently wealthy and could easily afford to make repairs or pay any lawsuit that might be lodged against you, then having a home insurance policy provides valuable protection. 

North Carolina is vulnerable to a variety of weather events that can cause major damage to your home. If a covered event occurs, your home insurance will provide the money that you need to not only repair or rebuild your home but to replace all of your personal belonging that may have been lost. If your home is so damaged that you can not reside there, it will help you with the money you need to live somewhere else until your home is ready to be occupied again. 

Liability coverage is one of the most important protections that home insurance provides. Suing has become a more common occurence, and if you happen to be the object of a lawsuit by someone who was injured while visiting your home, you will be relieved that you have it. 

The Griffin Insurance Agency is available to answer your questions about the value to you of having home insurance. Give our office a call or stop by in Mooresville, NC to discuss this critical coverage. 

 

What doesn’t my home insurance cover

When it comes to home insurance, you probably think that it covers everything that could happen to your home. Home policies have things called exclusions, things that are not covered by the policy. Very few people take the time to read the small print on their policy. If you live in the Mooresville, NC area, you can call on the agents at Griffin Insurance Agency to help you to understand that things that your home policy doesn’t cover. 

Floods

One of the biggest dangers to your home is flooding and there is a very good chance that it is not covered on your home policy. If you live in an area where flooding is a danger, you need to purchase a separate policy to cover your home and possessions. The National Flood Insurance Program is administered through local agents. 

Earthquakes

Earthquakes, sinkholes, and land/mudslides are also not covered in your traditional home insurance policy. You should talk to your insurance agent about getting this additional coverage if you live in an area that is prone to this sort of event. 

Termites

Termites can cause a lot of damage to your home.  Termite damage is not covered with most home insurance policies. It is excluded as being neglect since it is the homeowner’s responsibility to make sure they maintain their home and that maintenance should include termite checks. 

Neglect

It is the homeowner’s responsibility to maintain their home. If you get water damage from a roof that needs to be replaced you won’t be covered. 

Expensive items

If you have high-end electronics or jewelry, you won’t be covered for the value of your items unless you add additional coverage. 

Discussing the things that aren’t covered on your home policy with the knowledgeable agents at Griffin Insurance Agency in Mooresville, NC can set your mind at rest. Stop by our office or give us a call, we will be happy to help. 

What You Should Know about Home Insurance and Hurricanes

Does a Home Policy Protect my House from Hurricanes?

North Carolina has to deal with hurricanes from time to time, and there are certain things you should know about your home insurance.

Floods Aren’t Covered: If the damage your home gets is from flooding, which is defined as a body of water overflowing, such as during a storm surge, then it’s not going to be covered by home insurance. However, if the water damage your home incurs is caused by wind, such as wind-driven rain that comes in through the roof or windows, then that may be covered.

You Could Have a Higher Deductible for Hurricane Coverage: It’s always a good idea to read your policy closely or speak with an agent at Griffin Insurance Agency in Mooresville, NC to see if damage from hurricanes requires an additional deductible.

There Are Rules for Fallen Trees: If your home is spared, you may still have damage from trees that fell. If your tree damages your neighbor’s property, then he or she could file a claim with his or her insurance company, which will usually pay to fix any damages. If a tree falls but doesn’t damage anything, then you have to check with your insurance company to see what they will pay for clean up, which can range from nothing to $1,000.

Insurance Can Pay for Living Expenses While Out of Home: Depending on your policy, you may be able to get coverage for additional living expenses while out of your home. Keep receipts for reimbursement.

Contact Your Insurance Company in North Carolina Right Away

Many insurance companies will want you to make some temporary fixes, such as adding a tarp, in order to prevent any further damage from happening. However, take pictures before you make any fixes and keep the receipts for any supplies you purchase since you could be reimbursed.

Contact Griffin Insurance Agency in Mooresville, NC to get a quote on home insurance.