The role of an insurance agent is to provide a comprehensive policy, which will provide adequate protection in the event of a loss. It should provide coverage for you dwelling, personal property, loss of use, and liability. The amount of insurance should equal the replacement value of the dwelling. A bank or mortgage company cannot require insurance in excess of the dwelling replacement cost. The insurance agent can help you to calculate the replacement value of your new home.

Although the insurance commissioner sets the provisions of the basic homeowner contract, the rates are competitive. Your goal is to acquire quality protection and service at an affordable price. These are various endorsements to the basic homeowner contract to enhance the coverage, to amend limitations and to tailor the policy to suit your particular needs.

It is important that the agent make you aware of these endorsements so that you can make an informed decision on the structure of the policy. It is also important that you be informed of the policy exclusions, some of which can be altered or amended by endorsement and some which cannot.

Your home is likely to be your largest investment; therefore it is vital that you select an insurance agent of integrity and demonstrated competence.