Homeowners insurance is one of those things that just cannot be avoided. It’s a necessary evil and there really isn’t any way around it.
The insurance industry is worth billions of dollars each year and many companies and agents make their living by selling insurance. There are, however, some things you can do to get a good deal on home insurance without spending a fortune.
Most people think they know what the best rates are when it comes to their home. They get a home inspection and assume that means the insurance company will do its part to protect it. While it may be true that the inspector tells the insurance company if something is wrong with your home, there is one thing that most people don’t realize about home inspectors.
Inspectors are not trained to offer advice about your home. A home inspector simply checks the foundation and structural integrity of the structure and takes measurements. If something isn’t properly insulated or properly ventilated, the inspector will not find it. The insurance company then makes its decision based on the findings.
Insurance companies do not want to pay for damages they don’t have. Because of this, many home insurance companies actually offer lower rates to houses that are insulated, which means they use less energy to cool and heat homes, and keep them cooler in the winter and warmer in the summer. Insulated homes can actually save an insurance company a lot of money over the life of the policy, which is one reason you can get a great home insurance quote from them.
Insurance companies also like to insure the contents of homes. So if they discover that there are expensive jewelry pieces that could be stolen, they often offer discounts to homeowners who have alarms on the doors of the home. In addition, homeowners should make sure they have a fire protection in the home. Most insurers offer discounts for homeowners who have both smoke alarms and fire alarms on their home.
Your home is an investment and many people believe that if you ask for a homeowners insurance quote, you’ll get the lowest rates available. This is not the case. The insurance company will often price your policy based on the risk factor. That means they’ll charge you more money for a house with a higher risk of theft or vandalism than they will for a house that is less likely to be burglarized or vandalized.
There are other ways you can get the home insurance quote you’re looking for, but they are rarely cheap. But the simple steps above will help you save money.
The simplest way to get a homeowners insurance quote is online. Visit a site that is affiliated with different insurance companies. You’ll be able to get quotes from each company, and compare them to see what the costs are. The sites usually offer estimates for both the annual premium you’ll pay and the monthly premium you’ll pay.
Once you have the quotes, you need to contact the insurance companies. When you call your insurance agent, make sure you provide them with all the information they ask for. Ask questions like how much damage is covered, how long it will take to repair your home, what additional features you want added on, and where you live, as well as how much insurance coverage you’ll need.
Once you have the insurance quote, you should then compare the prices from each company. If they’re too high, move on to the next one. However, if you’re able to get a better deal, consider calling again and asking the same questions.
Remember, getting a home insurance quote is an important part of protecting your belongings and your family. The process can be quite complicated, but it’s well worth it when you have peace of mind knowing you’re protected.