How to Pick a Home Owners Insurance Policy

Rent-to-Own: The Pros and Cons
January 4, 2013
How much house do you need? Ask yourself these questions:
January 12, 2013

How to Pick a Home Owners Insurance Policy

If you’ve ever watched the news after a natural disaster, then you understand the importance of homeowners insurance. You know you should have it, but how do you pick which policy to get? How do you choose one company over the other?

There are many things you will want to consider, and it is always best if you compare the costs and coverage of several companies before you purchase a policy. Listed below are some of the most important things to examine when purchasing insurance for your home.

Ask About Discounts

While finding out about the insurance companies costs and coverage is important, be sure to ask them whether or not they offer any discounts as well. In an effort to gain you as a client, many insurance providers offer various discounts to help you save money. Some of the valuable discounts they may offer include new constructions, new clients, multiple policies and home alarm systems.

The Importance of Your Credit Score

When shopping for homeowners insurance, make sure you are aware of your credit score. Most providers will check your score and base your premiums on it. If you do not have excellent credit, your premiums may be higher. With that said, if you have slow or poor credit, you will want to work on improving it.

Guaranteed Replacement Cost Options

Of course, you will want to find a policy that is affordable but there are some things that you simply cannot skimp on. If you have some extremely valuable items in your home such as artwork or jewelry, you will want to consider this option. A guaranteed replacement cost option will give you the exact value of your belongings should they become damaged or stolen.

After You Purchase Your Policy

Even after you purchase your policy there are some things you need to do to keep your rates stable. For one thing, make sure you update your policy whenever necessary. This may be when you purchase new furniture or artwork or if you add a new room. You will also need to take into consideration the depreciation of listed items.

Finally, avoid filing frequent claims. When you file claims often, you could be labeled as high-risk and your premiums could go up. Unless something happens that you absolutely cannot afford to repair or fix, try to handle it on your own. When you follow these useful tips, you will be sure to find a homeowners insurance policy to suit your needs.

Copyright 2012. As licensed to eREALTY. All rights reserved

/** * The template for displaying the footer. * * @package Betheme * @author Muffin group * @link */ // footer classes $footer_options = mfn_opts_get('footer-options'); $footer_classes = []; if( ! empty( $footer_options['full-width'] ) ){ $footer_classes[] = 'full-width'; } $footer_classes = implode( ' ', $footer_classes ); // back_to_top classes $back_to_top_class = mfn_opts_get('back-top-top'); if ($back_to_top_class == 'hide') { $back_to_top_position = false; } elseif ( $back_to_top_class && strpos($back_to_top_class, 'sticky') !== false ) { $back_to_top_position = 'body'; } elseif (mfn_opts_get('footer-hide') == 1) { $back_to_top_position = 'footer'; } else { $back_to_top_position = 'copyright'; } ?>