When you buy a home in Decatur, GA, you may be required to purchase homeowners insurance depending on the conditions of sale. Even if you don’t have to buy a policy, there are a large number of reasons why you should. The good news is that there are several ways in which your real estate agent can help you avoid paying too much for a policy that covers all of your needs.
Don’t Pay Based on How Much You Paid for the House
You shouldn’t pay for a policy based on how much you pay for your home because the house and the land it sits on are two different things. Generally, the materials needed to rebuild your house if it gets flooded or burned to the ground cost much less than the overall value of your house and the land it sits on.