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Albany, NY 12205

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What every new homeowner needs to know about home insurance

Buying your first home is an important step in your life. What you know about home insurance is probably minimal except for the fact that your mortgage holder has told you what you need to have to get your mortgage. At Toedt Insurance Agency LLC in Albany, NY, we are here to help you to make sure you get the right insurance, not just the right amount. 

What you need to know about home insurance

You decide the amount of your deductible

Your home insurance has a deductible on many parts of the coverage. You are the one that decides the amount that is right for you. If you don’t want to have to pay a lot of money out of pocket, choose a low deductible, and if you want a lower premium, go for a higher deductible. 

Not every hazard is covered

Home insurance policies have exclusions. These are things that won’t be covered if they happen to you. Your home insurance doesn’t provide coverage for floods, sewer backups, earthquakes, sinkholes, mudslides, landslides, termites, war, civil unrest, mold, rodent infestation, wear and tear, and owner neglect. Certain breeds of dogs will also not be covered. 

Some coverage has limits

Some types of coverage have limits. The amount of jewelry, rare coins, cash, antiques, and art you are covering is limited. 

Endorsements allow you to extend your coverage

Endorsements are a way to extend the coverage of your home policy to things it would either not cover or not cover at a level to protect you. This allows you to customize your home insurance to your very specific needs. Identity theft is one that you may want to consider to protect your assets. Also, extended content coverage for your more expensive items. 

Give Us A Call

To learn more about home insurance, contact Toedt Insurance Agency LLC in Albany, NY to get a no-obligation quote. 

Partner Carriers

  • American Modern
  • AM Trust
  • CNA
  • Foremost
  • Hagerty
  • Lancer Insurance Company
  • Lemonade
  • Liberty Mutual
  • Main Street America
  • Midstate Mutual
  • National Benefit Life
  • National General
  • NYCM
  • Progressive Commercial
  • RLI
  • Safeco
  • Shelter Point Life Insurance Company
  • Standard Security Life
  • Utica First