Home Insurance Tips

Buying a home is exciting, stressful, and just an all-around shock to the system. It’s the biggest single investment most people will make in their lifetime, and it has to be insured. While searching for a house and everything involved in that, like finding a realtor, for example, most people do their homework. They don’t want to pay too much or get a house that’s not worth their money. For some reason though, too many people don’t do enough homework when it comes to the great homeowner’s companion: homeowner’s insurance. Homeowner’s insurance is an important purchase, especially after all that work that’s gone into finding the right home. Cheap homeowner’s insurance is fine, as long as the cheap homeowner’s insurance is the right homeowner’s insurance. Below are some insurance features to consider. What Doesn’t It Cover? Most home insurance policies exclude certain things, like earth movements (earthquakes, etc.), war, nuclear hazard, power failure, bad workmanship, and flooding, to name a few. Check for wind-related coverage; most policies cover tornadoes and the like, unless the home is in a high-risk area. Insurance and water damage is a little more questionable. Usually, water from above (rainwater, for example) is covered, but water from below (backed-up sewers, etc.) isn’t. If your home is in a high-risk area of any sort, make sure you read your policy carefully and consider supplemental insurance. What Does It Cover? Enough with what’s left out; what does homeowner’s insurance tend to cover? Most policies will cover property and possessions in case of certain storms, fire, theft, or vandalism. Insurance also provides liability coverage if someone gets hurt on your property and sues. In case of emergency, you may have to stay in a shelter or in a hotel, and homeowner’s insurance usually covers shelter costs. Homeowner’s insurance also covers items that aren’t in the home. In a funny twist, if an item is stolen from your car, auto insurance won’t cover it, but homeowner’s insurance will. Here’s a website that shows you what homeowners insurance covers - Shop Around Just like you did when you bought your home, you should probably shop around when you choose your homeowner’s insurance. And don’t just shop for a policy; shop for an agent. Finding an agent you trust can make all the difference, especially when you file a claim. When dealing with a stressful situation, like a fire, a good agent can alleviate a lot of the headache and help you get your money quickly and hassle-free. Here’s a website that features cheap homeowners insurance quotes from different companies. Conclusion Whether the homeowner’s insurance is for a new buy or an old one, it’s important to know what you’re getting into. Make sure you find the right agent and ask questions. Read the policy. If there’s something you don’t understand or if you have questions, ask them. Talk to the agent. Getting all the information up front will make life a lot easier, and give the homeowner a lot more peace of mind.
© 2009 The Insurance Advisor

News

Why You Shouldn't Rush to File That Homeowners Insurance Claim If a tree falls near your house, but doesn't hit a building and upends only one segment of your walkway, should you file an insurance claim? Do the math and give some serious thought to that answer. According to a report from insuranceQuotes.com, filing a single homeowner’s insurance claim can raise a policyholder's premiums by hundreds of dollars each year. The average rate hike for the first claim nationwide is 9%, but it's far worse in Wyoming (up 32% on average), Connecticut (21%), Arizona (20%), New Mexico (19%) and California (18%). “Insurance is the only product we buy that we hope we're never going to have to use,” says Laura Adams, insuranceQuotes.com’s senior analyst. "That 30% rate increase is for one claim. If you have a second claim, get really unlucky and have a problem in the next 12 months, that's just going to skyrocket.” And not by a little. According to the report, the average nationwide premium increase for a second claim is 20%, with Michigan's insurers socking policyholders with a whopping 71% uptick if they file more than one claim within a brief span. “The home insurer looks at your past performance chart, and they're trying to price the policy according to the risk they're assuming on your behalf,” says Michael Barry, spokesman for the nonprofit Insurance Information Institute. “If you file two policies in a short amount of time, I think insurers are going to take note.” Compliments of: MainStreet.com
Home Health insurance Life insurance Auto insurance Contact Privacy Terms
The Insurance Advisor
Insurance advice and news for the 20th century
Hands holding house Insurance policy
Home

Home Insurance Tips

Buying a home is exciting, stressful, and just an all- around shock to the system. It’s the biggest single investment most people will make in their lifetime, and it has to be insured. While searching for a house and everything involved in that, like finding a realtor, for example, most people do their homework. They don’t want to pay too much or get a house that’s not worth their money. For some reason though, too many people don’t do enough homework when it comes to the great homeowner’s companion: homeowner’s insurance. Homeowner’s insurance is an important purchase, especially after all that work that’s gone into finding the right home. Cheap homeowner’s insurance is fine, as long as the cheap homeowner’s insurance is the right homeowner’s insurance. Below are some insurance features to consider. What Doesn’t It Cover? Most home insurance policies exclude certain things, like earth movements (earthquakes, etc.), war, nuclear hazard, power failure, bad workmanship, and flooding, to name a few. Check for wind-related coverage; most policies cover tornadoes and the like, unless the home is in a high-risk area. Insurance and water damage is a little more questionable. Usually, water from above (rainwater, for example) is covered, but water from below (backed-up sewers, etc.) isn’t. If your home is in a high-risk area of any sort, make sure you read your policy carefully and consider supplemental insurance. What Does It Cover? Enough with what’s left out; what does homeowner’s insurance tend to cover? Most policies will cover property and possessions in case of certain storms, fire, theft, or vandalism. Insurance also provides liability coverage if someone gets hurt on your property and sues. In case of emergency, you may have to stay in a shelter or in a hotel, and homeowner’s insurance usually covers shelter costs. Homeowner’s insurance also covers items that aren’t in the home. In a funny twist, if an item is stolen from your car, auto insurance won’t cover it, but homeowner’s insurance will. Here’s a website that shows you what homeowners insurance covers - Shop Around Just like you did when you bought your home, you should probably shop around when you choose your homeowner’s insurance. And don’t just shop for a policy; shop for an agent. Finding an agent you trust can make all the difference, especially when you file a claim. When dealing with a stressful situation, like a fire, a good agent can alleviate a lot of the headache and help you get your money quickly and hassle-free. Here’s a website that features cheap homeowners insurance quotes from different companies. Conclusion Whether the homeowner’s insurance is for a new buy or an old one, it’s important to know what you’re getting into. Make sure you find the right agent and ask questions. Read the policy. If there’s something you don’t understand or if you have questions, ask them. Talk to the agent. Getting all the information up front will make life a lot easier, and give the homeowner a lot more peace of mind.
© Lorem ipsum dolor sit Nulla in mollit pariatur in, est ut dolor eu eiusmod lorem

News

Updating our site.
Site Navigation
Chocolat
Luxury Handmade Chocolates and Pastries