Homeowners Insurance that Fits You – How to compare Multiple Home
House damage in
When you apply for a homeowners
insurance plan there is a lot of personal information that will be
given out. If you apply online make sure that the website you are
applying at has credentials that are appropriate for the state that
you live in. If you are calling on the phone be prepared to answer
questions about yourself as well as your house. Common questions
about your house would be the square footage, year built, number of
garages, if you have fire sprinkler system, burglar alarm system.
Insurance companies will check your credit and past insurance
history to see if you would be at a high risk for potential claims.
There are a couple different
types of insurance agents, ones that only sell the one brand home
owners insurance such as Allstate. Others insurance agents are
brokers and will be able to shop for you for the type of plan that
you are looking for. Know what you house is valued at and also know
all the specifications for your house this way you will get an
accurate fair quote.
Be prepared to answer questions
like how far is it to you nearest fire station and do you have a
fire hydrant nearby. Add up the values of your personal belongings
and ask yourself if you need full coverage on everything and ask for
reduced personal property coverage if it is available.
Your home may be required to
have additional coverage of flood or earthquake insurance if the
mortgage lender decides this as a requirement. To purchase flood
insurance call NFIP at 1-800-427-4661 or call your local agent for
help. Earthquake insurance is available by both state programs as
well as insurance company additional coverage plans. Not all
companies have there own earthquake plan, but you are able to get
state coverage. Be aware that the coverage on the earthquake
insurance has very high deductibles and can be well into the $40,000
your share. If you live near fault lines and have a mortgage more
than the deductible it would be a good idea to have earthquake
coverage. You can purchase earthquake insurance from any local
You can shop both on the internet for home insurance as
well as through local agents. The good part of the online is that you
can compare the quotes and decide the most cost effective solution where an
agent may not be the best at quoting what you want, but may help may make
the process of getting the insurance easier.
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Best Syndication Staff Writer
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