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Buying a home can often be an overwhelming process, especially for those entering the market for the first time. That is why it often becomes too easy to treat insurance as an afterthought, though it should be one of the top things on your list to take care of. Should something happen to your property, your homeowners insurance policy is an important protection to help put your home back as it was before.

Here are a few important things to remember when purchasing homeowners insurance:

  • Compare different coverage rates: When you are looking to purchase a plan, it's better to wait and not go with the first rate or company that you visit. Instead, shop around to find the most comprehensive coverage for the best possible price, but think about value, not just the lowest price.
  • Ensure the coverage is comprehensive: Of course, aside from price, how well your home will be protected is something to consider while shopping around. Some plans, for example, might require purchasing additional protection, such as flood insurance, which is included in almost all home policies. Having the right level of coverage will give you peace of mind.
  • Escrow the insurance payments: Most homeowners simply tack their insurance payments onto their mortgage check each month. The lender will pay the insurance premium out of the escrow account.

As the leading provider of web-based property valuation solutions, e2Value can assist you with all of your Insurance-to-Value (ITV) and collateral value monitoring needs. Whether you are looking for valuations for high-value homes, mainstreet homes, condos, co-ops, commercial properties, manufactured homes, log cabins, or farms and ranches, our patented estimator can quickly calculate the cost of replacing a residential, commercial or farm structure, and provide you with a fast, cost-effective and accurate replacement cost valuation.