Homeowner Insurance Quote Buyer's Guide
If buying a home is probably the single largest investment you'll ever make, seeking a homeowner
insurance quote that fully protects your investment is one of the important steps you can take.
Here is InsuranceLower's guide to the ins and outs of buying home insurance.
What's Covered: Most standard homeowners insurance policies will provide coverage for damage to your home caused by theft,
fire and lightning, smoke, frozen pipes, and ice and snow. In addition, you'll want a homeowner insurance quote that provides
coverage for liability claims, medical payments to third parties, and legal costs if a lawsuit is brought against you.
What's Not Covered: Most insurers exclude damages caused by an act of war, nuclear accident, flood, earthquake, and terrorism.
You'll also need additional endorsements to protect rings, watches, furs, antiques, and other valuables.
Don't Skimp on Coverage
How Much You Need: Mortgage lenders require that you buy a minimum amount of homeowners insurance.
But this is often not the amount of coverage you truly need. Instead, get a homeowner insurance quote
for the amount it would cost to rebuild your home, and consider insuring it for that amount.
Replacement Cost Coverage: Look into a homeowner insurance quote that includes replacement cost coverage.
Actual cash value pays you an amount equal to the replacement value of the property, less the depreciation
for the years you owned the item. Replacement cost is more expensive, but it pays you the full value of the item today.
Saving on Premiums: Think about opting for a deductible. In the event of a loss, you'll have to pay this amount out of your own pocket,
but in the meantime, you'll save on premium charges. Also, don't forget to tell your insurer if you have a home security system;
most insurers offer discounts for such safety features.
Comparison Shopping: Be sure to get a homeowner insurance quote from several insurance companies. But remember,
the lowest price doesn't always equal the best deal. Carefully compare the coverage each policy offers before you sign on the dotted line.
Don't wait. Let us find you the right car insurance, home insurance, health insurance, life insurance or long term care insurance—today!
