5 Smart Things Every New Homeowner Should Do

What is more exciting than turning that key in the lock of your first new home in the Chandler, AZ area?  Knowing no landlord has access to your home is an amazing feeling.  Sometimes first-time buyers can make mistakes that may jeopardize what they’ve worked for and these 5 suggestions can help new homeowners avoid costly mistakes.

  1. You likely handed over most of your life savings. Don’t make the mistake of overspending on new furniture and remodeling. Make sure you know what your monthly expenses will be because they can be more than you initially expect.
  2. Keep in mind that there’s no landlord to call when something breaks down, so you’ll need to be one top of home repairs. Don’t neglect small problems that can turn into much larger and costlier ones.
  3. Don’t try home repairs if you’re not qualified to make them. Hire a qualified contractor to save time and money on a repair.
  4. You may want to get some help with your taxes to make sure they are done correctly to maximize your refund, especially the first year.  Over the year, make sure to keep home improvement expense receipts so you can write them off at the end of the year.
  5. You’re required to have home insurance, so you want to make sure you have the right home policy to fully replace your property in case of a total loss.  You also need to make sure you have adequate liability coverage for accidents.

San Marcos Insurance Group

The San Marcos Insurance Group in the Chandler, AZ area wants to make sure you have the best coverage through local insurance agents. Don’t hesitate to contact one of our agents to help answer your questions and walk you through home insurance options.

Are Deductibles Worth the Extra Expense in Chandler, AZ?

In Chandler, AZ, the agents of San Marcos Insurance Group can help their clients work through the process of determining how much of a deductible they need to make their auto insurance policy affordable. Deductibles can range from $500 to $5000 in some areas. The type of insurance, the book value of the vehicle, and the estimated amount of the monthly premiums all need to be taken into consideration. When you are choosing the level of your deductible, you need to look at how much money you have on hand to make repairs if an accident does occur.

Deductibles are a specific amount of money that you decide to pay before your insurance coverage kicks in. Because it reduces the amount of money your insurance company has to pay out, each level of deductible will reduce your monthly premium by a specific percentage. Some insurance companies offer what is known as a vanishing deductible, which means the amount of the deductible is gradually reduced for each year the insured goes without having an accident or traffic citation. While these seem like a good idea, they do have their drawbacks. Before choosing a deductible amount, the insured should carefully consider how much money they are willing to pay out before making a claim.

Residents who live in communities and neighborhoods near Chandler, AZ can talk to the agents of San Marcos Insurance Group if they have questions about their auto insurance deductibles and how to keep them under control. The agents can help you determine what type of deductible will work best for your particular situation and will help you build a policy that suits your exact needs. Call the agents of San Marcos Insurance Group today and let them guide you through the deductible process.