Home insurance policyBuying a home is one of the biggest financial decisions a person will ever make, and that means he should take time to not only get the best rate on an insurance policy, but also the best policy for his lifestyle and home.Because a home insurance policy will protect a homeowner against financial loss from things such as theft, fire, flood, and other liabilities on the property, it's important to get the right policy.Purchase enough insurance in the event of a total loss, according to the Insurance Information Institute (III), which provides insurance information to the public, media, and government regulatory agencies.Because home insurance also covers a homeowner's possessions, the contents of the home should also be included for the estimate.To get the best rate possible, a homeowner should take the highest deductible with which he's comfortable. The deductible is the amount a homeowner pays out of pocket before insurance coverage is paid.The III says that since most people only file a claim every eight to 10 years, having a higher deductible saves money over time and preserves the insurance for when it's really neededOctober 04 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.