Posts Tagged ‘family’s security’

Some Good Questions to Ask when Choosing a Homeowner’s Insurance Company

Monday, November 16th, 2009

Your home is most likely your largest asset, and protecting it in a time of catastrophe is not only necessary, but vital to your family’s security. If you were to face a fire, theft or other accident that could potentially damage or destroy your home, you should be able to rest assured that your costs and losses are covered by your homeowner’s insurance policy.

Costs and policy inclusions for this type of insurance can be affected by several criteria, including where you live, the local weather patterns, the size of your home, your home’s safety features as well as the local crime rates. Be sure to keep these points in mind as you begin to compare prices for your homeowners insurance.

Once you find a few homeowners insurance providers in your area, there are three criteria that should be at the top of your list while you do your comparison shopping:

• What does the homeowner’s insurance policy cover for your home?
• What is the overall monthly premium for the homeowner’s insurance policy that is best suited for your home?
• What deductibles must be paid before your insurance policy picks up any costs for your losses in the case of a claim?
A good rule of thumb is to compare three different homeowner’s insurance companies to find the best rate and policy for your needs and budget. With those three names in hand, consider the following:
• Many homeowners’ insurance companies also offer automobile insurance in a package set that can save you up to 10% on your overall policy costs.
• Be sure that you receive discounts on all the products you’ll need to make your home safe like smoke detectors and fire alarms or even new plumbing or a new roof. Most of these products offer discounts for homeowner’s insurance policy owners.
• Your deductible should be no less than $500.00. This is the industry standard, but many homeowners carry a $1,000 deductible. Increasing the amount to $1,000 could save up to 10% more a year in premium fees.

Take the time to be thorough in your search for a homeowner’s insurance company. In the case of a tragedy, you can have the ease of mind that your costs will be minimized and your family protected from further loss.

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