Dos and Don’ts of Homeowner’s Insurance for Your Santa Cruz Home

Posted by Lauren Spencer on Friday, March 27th, 2009 at 12:41pm.

No matter where you live, you are at risk for some sort of natural disaster, crime, or accident. Since you never know when disaster will strike, you need homeowner’s insurance to protect from loss. Finding the right insurance policy is extremely important, so here are some ideas to consider when looking for homeowner’s insurance for your Santa Cruz home.

• DO make sure you choose a reputable agent and insurance company. Unless you’re well versed in current insurance laws and practices, you will rely heavily on your agent’s advice. This is not the time to do your own work.

• DO buy the right amount of insurance. A lower premium may seem like a great idea now, but you may feel differently if you suffer a major loss. Consider what it will cost you to replace everything in your Santa Cruz home.  Purchase your insurance policy based on that amount.

• DO pay attention to your deductible. Your deductible is the amount of money you have to pay out of your pocket when you file a claim. In most cases, you are better off paying for minor damages on your own without filing an insurance claim.

• DON’T choose your insurance company by price. You may save money on your premium, but ask yourself what you stand to lose if you ever have to file an insurance claim. Make sure you have adequate coverage through a reliable company.

• DON’T lie to your insurer. If you underestimate the value of what you own, you may not have enough money to replace it. If you overestimate the value of what you own, you can be prosecuted for insurance fraud.

• DON’T rely on your home’s purchase or tax appraised value when choosing the amount of insurance you need. You need insurance that will provide enough money to rebuild your home in the event of a total loss.

Your home is an important asset, so make sure you take care of it and get the appropriate amount of homeowner's insurance.

Let me help you find your next Santa Cruz home. Call me today at 831.662.6522 or email me at


1. Insurance premiums

2. file an insurance claim

3. Insurance fraud


About Lauren Spencer

Award-Winning Santa Cruz REALTOR®

Lauren Spencer is your local real estate expert, specializing in Santa Cruz real estate and surrounding communities—this is where she lives, works, and plays too. Let her know your questions about the community and county and she'll be happy to fill you in on all you want to know! Lauren Spencer has consistently been voted best local REALTOR in Santa Cruz and is always happy to offer her advice and expertise. Call her at: 800.226.4717.

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