Kreiser New Homes Blog
Kreiser Construction builds Quality, Affordable, On-Time New Homes in Lebanon County. Through our blog we hope to educate, encourage and motivate you as you search for a new home, purchase a new home and pay off your new home mortgage. In addition, we'll let you know of happenings in and around Lebanon County.
Pt 3: Four Things New Home Owners Should Do Right Away
I debated whether to even write this tip due to the fact that it seemed irrelevant considering the fact that if you found yourself on this website you were probably in the new home buying market rather than purchasing a pre-owned home.Next in the list of "Four things New Home Owners should do right away" is make sure you have enough insurance.· I don't know about you but I feel like I am "insuranced-out" if you know what I mean.· There's life insurance, mortgage insurance (like we talked about the other day), there's auto insurance, health insurance and . . . well, you can fill in the blank. Make sure you have enough insurance coverage. At a minimum, you need to purchase a home owners insurance policy to cover the house and all of your family's belongings inside. To determine how much insurance you need add to the cost of rebuilding your home, your personal property.· Your coverage should then be anywhere from 55 to 75 percent of that amount. NOTE: Damage caused by natural disasters are not covered by regular home owner's policies, so depending on where you live, you may want to consider additional coverage. Your insurance agent can help you figure out the right amount of coverage and suggest upgrades or additional policies that would be appropriate for your specific situation. The cost of covering the "what-ifs" really adds up.· I often wish I could have that money back but then again maybe I don't--after being rear ended I did get my premiums back!