If you take care of yourself, it’s only natural to take care of your property too. No matter if you have a house or a condominium, an insurance policy should be done to protect you and your house.
Some people still don’t know that insuring your property is mandatory, no matter if they have bought it cash or with a credit loan. There are so many things that can go wrong, and securing your property should be a priority, no matter where you live.
The process of closing an insurance policy is extremely easy, and our valuations WA company – BFA Properties will tell you all about it.
Step 1 – Find an Insurance Company
Once you have determined that you need a property insurance, all you have to do is find the right one for you. Start looking online as there are plenty of available websites that present insurance policies, with pros and cons. If you don’t feel that those are relevant, ask among your friends and see what company have they used. Ask about what was offered for their policy and what is covered by the company. It’s a good way to make an idea about what to further expect when you meet with a representative.
Step 2 – Prepare Your House
Make sure your house is properly cleaned, both outside and inside. If there are any repairs that need to be made, fix them now, before the valuer or the representative from the insurance company comes. There can be a hanging cabinet door or a towel rack that doesn’t work anymore. These small repairs will not cost you much, but they will certainly make a good impression. Take care of the outside too, and fix the lawn and clean the yard.
Step 3 – Ask for a House Inspection
This is good to be done before the insurance agent comes, as you will know if there are any serious problems with your property. The house inspector will check everything from the structure of the house, to the aspect of the house. You will receive a written report and some recommendations if you need to do something. Don’t overlook them, as that can make a big difference when the valuer comes. Fix what is needed before calling for the insurance company.
Step 4 – Ask for a Property Valuation
To determine the insurable value of your property, you will need to call a property valuation company. With the report from the house inspector, the valuer will better determine the insurable value of your property. It will be a good thing to have them both, as the insurance company will fund you the amount that is needed in case of a disaster, a fire, a flooding, a complete damage or other things that are provided within the insurance policy.
If you want to insure the goods that are inside the house, you will be able to do this too. A valuer will come and catalog everything that you have inside, to know how much they are worth. The policy is called a content insurance and it is dedicated to all those things that you can pack and take with you when you move.
Step 5 – Choose
Now that you know what this means, all you have to do is choose the right insurance company for you. With the house inspection report and the property valuation report, ask quotes from different insurance companies. They will tell you what each policy covers and how will you be indemnified for each situation that can appear. Don’t go for the cheapest, but neither for the most expensive. In the end, you should choose the policy that fits your needs.