ABQ Insurance

How to determine the right amount of coverage for home?

Determining the right coverage for your home starts with the square footage. This will usually give you the worst-case scenario – the cost of rebuilding your home based on the cost in the area. If you want comprehensive home coverage, this should be your starting point.

How often should I update homeowners insurance policy?

You should usually review your homeowners insurance policy at least once a year. However, this doesn’t mean you must update it once a year. Unless something significant has changed in your circumstances, your homeowners insurance policy should usually be good for the following year.

What does homeowners insurance typically cover?

As a rule of thumb, home insurance covers expenses when something unexpected or accidental happens to your home and/or belongings. This includes theft, fire, or other damage. What it covers exactly depends on how comprehensive your coverage is.

How does the claims process work?

Many insurance companies have an easy claim process. Once you contact them after the accident, you’ll speak to the adjuster, who will explain your coverage to you. The whole process can take between days and weeks.