You’re Buying a House! What Comes Next?

Buying or building a home is one of the largest investments most people make in their lifetime. And purchasing homeowner’s insurance to protect this investment can be complicated and overwhelming. Ben and Katie from Huron quickly realized this last fall as they made the decision to build a home.

You have enough stress and anxiety when buying a home. Here are 3 steps every homeowner should take to help in purchasing insurance simple and stress free.

  1. Shop around. Weeks before the first scoop of dirt was removed for Ben and Katie’s new home, they were looking for an insurance agent. Ben says, “We chose to get quotes from American Trust Insurance, an independent insurance agency, because we knew the agent would be able to get quotes from several insurance companies.   I didn’t need to spend my time shopping around for insurance – our agent did it for us.”
  2. Know the basics about your home.   Before you call an agent to get an insurance quote, make sure you know basic facts and figures about the home.   The agent will need to know things like year the house was built, square footage, number of bathrooms and how old the shingles are. Because Ben had done a little homework before contacting an agent, he says that the initial meeting with his agent was, “Quick, painless and not a big time commitment.”
  3. Use your agent’s expertise. It doesn’t matter if this is your first or fifth time purchasing homeowner’s insurance, ask your agent lots of questions so you have a clear understanding of what your policy covers. The agents at American Trust Insurance have spent many hours studying and reviewing insurance policies so we encourage our customers to use our knowledge to their advantage.
  4. Know the basics. Get familiar with these basic homeowner’s insurance terms.
  • Premium – this is the price you pay for insurance. Usually a homeowner’s policy is an annual premium.
  • Deductible – this refers to the amount you must pay out of your pocket before your insurance kicks in. Typically, the higher your deductible is, the lower your premium will be.
  • Liability coverage – this is coverage that will pay legal bills if someone gets hurt on your property, usually due to negligence.
  • Personal property – this is the contents in your home such as furniture, electronics and clothing.

Katie and Ben are putting the finishing touches on their house and can’t wait to make it their home.   They rest easy each night knowing they have taken all the necessary steps to protect themselves and their property. If you would like a quote on your homeowner’s insurance, please visit or call one of our agents in Huron, Wolsey, Wessington Springs, Mellette or Pierre.