Anyone that is in the Lynnwood, WA area will find that this can be a great place to put down roots and buy a home. As you are assessing your home purchase decision, you will always want to ensure that you have the right coverage in place. A great form of coverage that you could need for your property is home insurance. This type of protection could be needed for several reasons.

Coverage Protects Your Asset

A primary reason to get a home coverage plan in this area is so you can protect your asset. If you want to purchase a home, you can find that there are several risks that could lead to a loss including fire, vandalism, or other forms of accidents. With a home insurance plan, you will get the coverage needed to offset this risk.

Coverage is a Requirement

People also will need to have this coverage as it will likely be a requirement. Anyone that is going to purchase a home will consider taking out a mortgage. If you do finance your property, your mortgage lender will require that you carry proper insurance throughout the loan term. To stay in compliance with your loan agreement, you will need to continue to carry this coverage until the loan is repaid. 

Those that are looking to build long-term equity and have a consistent place to call home should consider buying their next home. As you are looking for a home in Lynnwood, WA, you should make sure you also get a good insurance plan. To ensure you choose the best plan for your situation, it would be wise for you to call Sound Choice Insurance Agency Inc. Those that work with Sound Choice Insurance Agency Inc can get the support they need to choose an ideal policy. 

Owning a good home in Lynnwood, WA is a dream of every person — after all, it’s a gateway to short-term and long-term financial success. Short-term, it unburdens you from incurring monthly rents, and long-term, it creates an “equity nest egg.” 

Since your home is a significant investment, it’s advisable to guard it against unpredicted perils by purchasing a home insurance policy. Whereas Washington does not require home insurance, this coverage gives you peace of mind knowing that your assets are as safe as you are. 

With this in mind, you may wonder what it takes to find the best home insurance policy. If this is your case, here is a brief guide by Sound Choice Insurance Agency Inc. 

Thinks About Your Home Contents

Before seeking a home insurance policy, you should evaluate the value of the contents of your new home. Avoid underestimating the value, as this can cause you to suffer financially when making claims. 

Check Claim History

You want to be 100% sure that the insurance company in question will settle your claims in case of perils. The best way to confirm this is by checking their claims history – it will give you a clue of what to expect.

Financial Strength of the Insuring Company

Don’t forget to consider the financial background of the insurance company in question. A company that’s likely to face financial constraints will probably cause you more suffering when making claims. 

Be Sure of the Details you Provide

Most insurance companies will require you to provide the correct details regarding the various aspects of your home when looking for insurance cover. Be sure to answer every question correctly, as wrong answers may see your claims being dishonored.

Buy home insurance in Lynnwood, WA today!

Unpredicted disasters like fire, hurricanes, lightning, and many others can cause extensive damages to your newly owned properties. However, with an excellent home insurance policy, you will get compensation for such damages. Don’t wait until it’s late — seek your home insurance policy by contacting Sound Choice Insurance Agency Inc. while you still have time. 

In some states, home insurance providers may be required to cover "catastrophic ground collapse." But this isn’t the case in Lynnwood, WA.

In Washington, insurance companies generally will not cover your home in the event of sinkhole damage because the policy is written to cover the cost of rebuilding the home. With no land on which to build, that’s easier said than done.

You can have sinkhole protection added to your home insurance policy in any state. But it is worth considering whether that’s worth the effort and the cost.

If you live in a beach home, sinkhole protection might make sense. In Lynnwood WA, we do see sinkholes from time to time, but chances are they’re not a major threat on your property. We did see a rash of sinkholes opening up across Seattle some years ago, but for Washington residents, sinkholes simply aren’t as prevalent a problem as they are in, say, Florida or Texas.

Even so, if it’s a concern, it’s worth talking to your insurer about. We don’t exactly expect anything that’s covered to happen. We don’t expect riots, we don’t expect fires. But we have to be prepared. And that’s why we buy home insurance, to make sure that we’re protected against likely and unlikely events.

If you have any questions or if you’re looking to get covered in Lynnwood, WA, get in touch with Sound Choice Insurance Inc. Whether you’re looking for complete and total coverage against all sorts of hazards, or you just want something basic in case of burglary and fire damage, Sound Choice Insurance Agency Inc is the sound choice when you want a good deal on a great policy.

Purchasing your first home is one of the most pivotal moments in anyone’s life, but it can also be stressful and overwhelming. From having to pick a mortgage lender, to do an inspection and appraisal, to the actual closing home buying is both exciting and nerve-wracking. Luckily for you, we can make that process a little bit easier by continuing to read our first-time homeowners guide to home insurance. 

Although home insurance isn’t mandated by states, it is going to be required by your lender if you are financing the house purchase with a mortgage. If you are purchasing your home in cash, homeowners insurance is not required, but it is highly recommended to protect your investment. When comparing policies, it is important to pay attention to your deductibles. When choosing a policy, keep in mind that whatever deductible amount you select for coverages like the personal property you must pay that first before your insurance kicks in. 

Additionally, you want to select a policy that has adequate liability and personal property coverage. Liability coverage protects you if another person is injured while on your property and you are found to be liable. You’ll want to have a liability limit that covers your total assets. Conversely, if you own expensive artwork or furniture than having higher coverage for personal property will help protect these items from loss. 

At Sound Choice Insurance Agency Inc. in Lynnwood, WA our talented and friendly team of insurance experts are ready and willing to assist in helping you find the perfect homeowners insurance policy for your needs. Give us a call today to schedule a no-obligation consultation with one of our team members. 

Your home is likely one of your largest investments financially, and it is definitely one of your most important investments emotionally. Your house is where you and your family spend time and make precious memories. You want to do everything you can to protect your home. One of the most important ways you can protect your home is by having sufficient home insurance. At Sound Choice Insurance Agency Inc serving Lynnwood, WA we love helping our clients make sound insurance choices. Keep reading to learn more about shopping for new home insurance. 

Why Should I Shop For New Insurance?

Most people think that if they have an insurance policy in place, then why should they ever shop around for a new one? The truth is circumstances change over time, and your insurance policy may not be reflecting those changes. When your policy is not updated periodically it can cause you to be spending money on things you may no longer require, or you may find yourself underinsured. Either way, this can put your home in a vulnerable position. 

When to Shop for New Home Insurance 

Home insurance needs will change along with your home. If you have made any major improvements to your home, this will increase the value of the home. When the value of the home is increased, the amount of insurance coverage must increase as well. If changes have been made to your home or property which would increase your risks of liability, your insurance policy should be updated to reflect this as well. In order to understand all of the ways your insurance needs may have changed, it is best to sit down with an insurance representative to discuss such changes. 

If you would like to learn more about home insurance, please call our staff today at Sound Choice Insurance Agency Inc, serving Lynnwood, WA.