Shopping for Home Insurance

homeowners insurance shoppingThis quick guide will give you a few tips, help you find the right coverage and get the best home insurance rates.

You’re A Risk

To the insurance companies you’re not a person; you’re a set of risks. An insurer bases its premium (or its decision to insure you at all) on your “risk factors,” including some things that may seem unrelated to home insurance, like your occupation, who you are and how you live.

  • Home Insurance Comparison

Insurance companies differ, so like anything else you buy, what seems to be the same product can have different prices, depending on the company. Compare home insurance companies with a local insurance broker to save you time and money. When you do this, be prepared! Having your current declarations page handy will be extremely helpful to you and the agent or broker you’re working with.

  • What Is Your Home Worth

Look at your current policy. Are you comparing “Apples to Apples?” Should you consider better coverage? Cheaper home insurance is no bargain, if you don’t have adequate coverage. It’s important to know your home’s replacement cost or how much it would cost to re-build your home in the event of a total loss.

  • Get The Right Coverage

Again, take into consideration if you have enough coverage if you lost your home in a fire or natural disaster TODAY. Are your limits high enough? Can you afford the deductible? Do you have the extra coverage you need to protect your valuables? Your homeowners insurance broker can go over these questions with you at time of quoting.

  • Additional Coverage’s

There are many potential extras you may need to consider when buying home insurance. Such as: Flood Insurance, Earthquake Insurance, Windstorm Insurance or Umbrella Insurance. Your home insurance broker can tell you if you need extra coverage added to your policy.

  • Ask about discounts.

Homeowner Insurance companies provide discounts to reward behavior that reduces risk. However, Americans waste money every a year because they forget to ask for them!

  • Bundle for Savings!

Who is your car insurance with? Do you have or need an umbrella policy? What about toys? Bringing all your policies together with the same company will likely save you money. Talk to your agent or broker today about a “Multi-Policy” discount.

For more information please call 800-459-6060 or visit our website for free home insurance quotes online at: www.InsuranceBrokersGroup.com or Click HERE  Thanks for reading our article on “Shopping for Home Insurance”

 

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