Most Americans dream of owning a home. But do you know that owning a home comes with an extra cost? For instance, you have to purchase home insurance to protect your home from damage caused by fire, weather events, theft, or vandalism. 

Unfortunately, purchasing insurance can be a painstaking process for first-time buyers. As such, you need to be on your A-game to ensure you get a good deal. Here are a few tips that should come in handy when buying your first home insurance policy:

Use an Independent Agent

Buying home insurance can be a frustrating process for first-timers. As such, you need someone who'll walk you through the process and even help you where possible. An independent insurance agent should come in handy if you are stuck. These experts know the best insurance companies in your area, and they can help you choose the perfect home insurance plan.

The good thing is that independent agents don't charge a dime for this service. They'll get their commission from the company once they close the deal. So, don't worry about using an independent agent to buy your policy.

Find Out What's Covered and Not Covered

Before buying a homeowner's insurance policy, make sure you read and understand what the policy covers. Don't assume that your insurance will cover all kinds of damage. In most cases, home insurance policies only cover theft, vandalism, fires, wind storm damage, and hail. That said, you should ask the company or agent what perils are covered in the policy you are about to purchase. This way, there won't be any surprises when you make a claim.

Consider Bundling Up

If you want to purchase different insurance products, consider buying them from the same company. Most insurance carriers have good offers for clients who bundle different insurance policies together. So, if you need home insurance and car insurance, don't necessarily buy from different companies. If you purchase from the same carrier, you could get a discount.

Pick the Right Deductible for You

A lot of people believe that picking a high deductible will work in their favor. Well, this is partly true because it can help you reduce your insurance premiums. However, you shouldn't pick a deductible that you'll struggle to pay when you make a claim. Instead, pick a deductible that you can raise without struggling. Remember that insurance companies require you to pay the deductible first so that they can top up the balance. 

By applying these tips, your chances of purchasing the right home insurance policy will get better.