Life is a series of unpredictable events, so it is best to be prepared. That’s why financial advisors strongly recommend buying appropriate insurance covers, including home insurance. It essentially provides financial reimbursement to policyholders in case of damage to one’s property. Depending on the chosen policy, it may also cover damage to certain assets, such as furniture. But there are some things one should do before buying home insurance so that the process is hassle-free: 1. Evaluating property value The first step to buying the policy is determining the current value of one’s property and assets to be covered. Accordingly, one should choose an insurance policy offering coverage equivalent to the house’s total value and assets. Some valuable assets that a policy should ideally cover are furniture sets, jewelry, home appliances, and electronic items. 2. Check what is excluded from the policy Verifying what’s excluded from the policy is equally important as checking what’s included. Sometimes, policies may not cover damages related to disasters or wars, cash loss, damage due to mold formation, and nuclear accidents. So, it is best to find out what a home insurance policy doesn’t include to avoid last-minute shocks when issuing claims. 3. Consider the type of home insurance required There are many different types of home insurance.