Homeowners Insurance in Pittsburgh, Pennsylvania
Buying a house is a significant milestone and one of the biggest investments most people will make in their lifetime. As such, acquiring home insurance as a form of financial protection is essential. Understanding the intricacies of homeowners insurance, whether this is your first time owning or you’re a seasoned buyer is essential.
How Does Home Insurance Work? 
It is recommended that homeowners have insurance before they close on their new home. Homeowners insurance typically includes dwelling coverage, personal property coverage, liability coverage and additional living expenses coverage, although other coverage add-ons are available. After obtaining a policy, homeowners pay a premium monthly, quarterly or annually.
If an incident such as fire or theft occurs, homeowners can file a claim with their insurance provider, who will assess the damage and determine if and how it will be compensated. Typically, homeowners must pay a specific amount, called the deductible, before coverage kicks in. Many homeowners will pay for less expensive incidents out of pocket to keep their premiums down. It is essential to review the claims process of your specific insurance provider to help ensure you are prepared for the unexpected.
How Much Does Home Insurance Cost?
Home insurance premiums can be influenced by the following:
- Location
- Coverage types and limits
- Characteristics of the home (e.g., age, construction and unique features)
- Claims history
- Mortgage requirements
- Security measures
- Home value
Home Insurance Quote in Pittsburgh, Pennsylvania
Contact Neofes Insurance Group LLC today to discuss your homeowners insurance options.