Insuring your home is one of the most important financial decisions you will make with respect to your property. Here are some tips to help you pick the best policy for your home.
insurance departments in states like Florida, New York, New Jersey, Texas, California and many others provide rate comparisons for standard coverage.
you can shop for insurance rates from online sites like Insure.com, Insweb.com, and NetQuote.com
if you do not have access to comparative rates, contact an agent who sells homeowners insurance from numerous carriers; find an independent insurance agent from iiaba.
you can save up to 30% on cost if you elect to get home and auto coverage from a single insurer
Market place value of the house will fall short of the necessary cost to rebuild what was damaged; instead consider value of material to be used and rate of labor.
Offers protection against sudden increase in material and labor costs following natural calamities.
Decrease premiums on additional coverage by opting to pay higher on deductibles.
Request a customized estimate of the home’s replacement cost; it should account for distinctive features, structure details, age, and any expenses for new resident building-code requirements.
Additional coverage to insure expensive possessions not included in basic coverage such as jewelry, paintings/artworks or silverware.
If you have more assets, buy more liability, $1 million or higher.
Get 5% less on premium if you have burglar alarms, smoke detectors and dead-bolt locks, 15-20% less for having a sprinkler system which alert first responders with alarms and additional discounts on fire- and impact-resistant roofing materials
Homes that are fortified against hurricanes, earthquakes and other natural disasters hold up stronger and therefore cost you less.
Avoid expensive deductibles by limiting fire risks by having fire extinguishers always at the ready and never leaving stoves or anything that can cause fires unattended; similarly, avoid water damage by switching out rubber washing machine hoses with steel-braided reinforced ones.
Handles your insurance claims well with little to no trouble or problems
Wide coverage options for individual needs; good agents and attuned to handling claims
Nearly one hundred years in service; reasonable premiums for wide coverage with friendly staff.
Wide variety of homeowner insurance options; efficient and professional customer service
Varied home policy options even for landlords and renters; offers collision coverage
One of the largest insurance company in the US.