Tips For Buying Homeowners Insurance May 2026

Sarah was exhausted from the home-buying process and wanted the quickest, cheapest policy to satisfy her mortgage lender. She picked the first quote she found online, prioritizing the lowest premium. She chose a high deductible to save money monthly but didn't check if she had enough in her emergency fund to cover it. She also ignored "extra" coverages like flood or sewage backup, assuming a standard policy covered everything.

Mark spent an extra afternoon shopping around and comparing quotes from multiple carriers. He spoke with an independent insurance agent who explained the difference between Replacement Cost (the cost to rebuild) and Market Value (what the home is worth). Mark opted for replacement cost to ensure he could actually rebuild if a disaster hit. New Homeowners Help: Tips to Buying Insurance - Orion180 tips for buying homeowners insurance

Last spring, Sarah and Mark bought identical houses on the same street. While both were excited to settle in, they took very different approaches to their homeowners insurance . Sarah was exhausted from the home-buying process and