What is the Cheapest Homeowners Insurance?

There isn’t an objective answer to give when determining the cheapest homeowners insurance, since so much depends on factors that vary from person to person. However there are several definitive ways to get cheaper homeowners insurance than what you’re paying now. However, different companies and different policies will vary in the scale of the benefit, so you’ll want to make sure to compare homeowners insurance carriers to see which gives you the maximum results from the following tips.

1. Take Precautions

There’s an obvious personal incentive for taking precautions and protecting your home, but many insurance companies will reward you for it as well. For example, you may qualify for a discount after installing a stronger roof, storm shutters, or any other weather-resistant renovation. Usually, the area you live in will play a big role in what kinds of precautions you should take. An alarm system will likely provide big discounts for homeowners in areas with high crime rates, while fire-resistant siding would be rewarded for homeowners in dry, fire-prone areas.

2. Raise Your Deductible

When you raise your insurance deductible, you’ll immediately see your monthly bills go down. But this reduction comes with the risk of having to pay more out of pocket if something happened to your home and you needed to file a claim. Although it may be a risk, the odds are in the homeowner’s favor. Of course, no one can predict major home damage or expensive repairs, but as long as you keep up with maintenance and precaution, the odds of this happening are safe enough for even the most conservative spender.

3. Watch Your Credit Score

At the end of the day, insurance companies need to make sure that they’re making wise decisions about the risk level of their clients. So if you’ve filed for bankruptcy a few times, you can’t exactly expect to just be handed a cheap insurance plans. Although your finances all seem very separate from one another, they all come together in that one simple score. Insurance agents are required to inform you of rate changes as a result of credit information, so make sure that the information they’re using is totally accurate by ordering a free credit report at least once a year. In the mean time, keep your credit score up by paying bills on time and limiting spending on credit cards and loans.

In addition to these directly-related actions, insurance companies usually have their own "miscellaneous discounts" for customers that aren’t obvious. For example, some have senior discounts, good student discounts, and bundling discounts for qualifying insurers. Make a list of your own strengths and priorities, and use a live comparative quote to see which company has the cheapest homeowners insurance for you.

Is damage from a tornado covered under my home insurance policy?

There are few things in the world that are as frightening as a tornado. It is the embodiment of Mother Nature at her most destructive–an unstoppable force that destroys everything in its path. In the aftermath of a tornado, it’s hard to imagine that life can ever return to normal again, but it will, and in most cases, your homeowners insurance can help with that.

Homeowners insurance is designed to deal with catastrophic events, and a tornado is a prime example of one. They are often not specifically named as a covered peril on a policy, but they fall under the greater category of "windstorms." This category includes tornadoes, hurricanes and straight-line winds. The bottom line is that damage directly caused by the tornado will probably be covered by your insurance up to the limit of your coverage amount, less your deductible, of course. In cases where an area is so badly hit by tornadoes that it is declared a disaster area, you might even qualify for government funds to help pay your deductible and any expenses not covered by your insurance.

One thing to be aware of, though, is that there can be damage related to a tornado that might not be covered by homeowners insurance. For instance, a tornado may cause damage to retaining walls or water facilities that results in a flood. Floods, unfortunately, are not covered by most normal insurance policies, although there are special flood policies you can purchase.

As a homeowner, it’s always a good idea to know the limits and exclusions of your insurance policy. Even though a tornado will most likely be covered, you’ll want to know how much your home and belongings are insured for, what your deductible is and whether or not your living expenses are covered if you need to stay in a hotel until your home is repaired or rebuilt. One of the best ways to clear up these details is to go over your policy with your insurance agent. Also keep in mind that there are other options out there, so if you’re not happy with your coverage, or even if you just want to see if you’re getting a fair price, you can use our website to find a local agent and get live comparative quotes–chances are, we can find you the insurance you need.

How to Compare Home Insurance Quotes Online

Shopping for home insurance can feel like a daunting task, whether you’re lining up insurance for a new home purchase or re-evaluating policy options before yours is up for renewal. The good news is that it doesn’t have to be stressful or complicated because you can easily compare home insurance quotes online to find the policy you need for the best possible price.

Gather information for your quote

The only thing you need to know before you search for homeowners insurance quotes is how much insurance you need. Most mortgage lenders require you to carry the replacement cost of your property, which would allow you to rebuild it using comparable materials to the current ones. You’ll also need to decide how much personal property insurance you want and whether you want to insure for the actual cash value or replacement cost of your belongings. Lastly, decide how much of a deductible you are able to pay if you need to make a claim.

Run a live comparative quote online

Enter the information you gathered into the simple comparative home insurance tool on this website. This tool gathers quotes from many different leading insurance carriers in your area. You only have to enter the information in one place, and the website will do the work of gathering rates for you. This type of comparative quote is much easier for you than going to each carrier separately, and you can be sure each quote is based on the exact same type of policy so it is a true comparison.

Compare home insurance policies to select the best one

Once you have gotten your instant quotes, all that’s left for you to do is to choose the policy that offers the best rates. In your home insurance quote comparison, read over the details of the policy to make sure it is providing the coverage you need. You also may want to consider the reputation of the insurance carrier and the quality of customer service so you know what to expect if you need to make a claim.

The process of gathering instant home insurance quotes online will only take a few minutes, but it can pay off by saving you hundreds of dollars. Get out your current policy today and compare quotes to learn how much you could save next year.

Will Winterizing my Home Save me Money on my Monthly Premium?

Taking the time to winterize your home may help reduce the number of risks associated with winter weather conditions, but the impact on your homeowners insurance premium may vary. Depending on the insurer and the potential risks, the cost for your policy may or may not be impacted by winterizing the property.

Differences Between Companies

Every insurer has a different policy and pricing system. Some insurers may offer a discounted rate if you winterize your property while other insurers offer discounts for other actions or risk reduction strategies.

The only way to determine if your current insurer will offer a reduced rate is by asking about the discounts that are available, looking through your current policy and finding out about special promotions.

Finding a Better Rate

Since every company is different, it may be possible to find similar insurance policies for a lower premium if your current plan is no longer appropriate for your budget and goals. You can compare quotes for several insurers online with the help of an independent agency.

An agency can narrow down your options based on the factors that you identify as essential, such as a set price range or a specific amount of coverage. You are then able to compare the policies, learn more about the insurance and make a decision about the best policy for your current concerns, goals and needs.

When you compare quotes online, consider the policy as much as the price. Some insurers may offer a better plan than others when it relates to your personal concerns or current goals. You can ask about discounts that may help bring the price down if the best policy is a little out of your budget price range, since insurers have different offers, discounts and promotions that may be available.

Winterizing your property may or may not have an impact on the cost of your coverage. Depending on your current plan, the insurer and the price that you want to pay, it may be appropriate to work with an independent agency to find the right coverage for your current goals.

Can someone injured at Super Bowl party at my house make a claim on our policy?

You invite friends and their friends to your home, your property, for a Super Bowl party and someone suffers an injury. Your homeowners insurance provides several ways to help with medical care for minor or major injury scenarios from dog bites to broken bones.

First, your homeowners policy provides medical payments coverage which has a lower limit, perhaps several thousand dollars, to reimburse first aid or minor doctor visit costs. This no fault coverage does not require the injured party to sue or threaten to sue. It’s simply medical coverage for the property.

Second, your homeowners policy provides liability insurance which covers at fault injuries on your premises. At fault in these terms does not indicate viscousness on your part, just an unsafe condition which can range from a railing giving out to a chair collapsing under your guests weight. Compare this coverage to medical payments. Liability has a much higher limit available for medical costs, but it has a higher threshhold of circumstances to collect these payments. A proactive claim must occur.

These coverages can vary by State. It is wise to check online for quotes and policy descriptions from an independent agency serving your area. Many options exist for policy liability limits and property coverage to protect your home.

Proper loss control avoids claims. Lock up your dog if he doesn’t like crowds of people. Make sure all food is prepared properly and thoroughly cooked. Remove shaky or unstable furniture, especially seating, and rugs people can trip over. Walk through the space where the party is to be held and think safety. Common sense helps spot danger.

So, are you covered for injuries to your guests at a Super Bowl party? Yes, if you compare quotes online to create a policy with terms and conditions to your liking. Once you decide to throw that party, walk through the space and correct any conditions which could lead to injury.

Remember to relax and enjoy the party.

Can I make a claim on homeowner’s insurance for frozen pipes?

Most policies will cover the cost of water damage to your home caused by a broken pipe due to freezing as long as the home is heated or the system has been drained and the home winterized. The homeowners policy does not usually cover the cost of repairing the pipe.

Policies do not cover burst pipes due to poor maintenance of the property.

Burst pipes cause many issues within the property structure:

  • sheet rock or plaster deteriorates
  • inadequately drying the interiors of the walls can lead to mold conditions
  • carpets, sheet goods, tiles and other flooring can be damaged
  • studding and framing can rot if not dried thoroughly
  • personal items may be damaged, like furniture and books

It’s important to compare quotes online from an independent agency to fully understand the details of coverage in your State.

Good risk management helps avoid freezing pipes, and therefore, collateral damage. Pipes usually freeze as a result of inadequate insulation or exposure to cold drafts. The freezing water does not break the pipe, the water caught between two ice dams compresses and splits the pipe.

Proper prevention measures include checking all pipes for insulation. Are any pipes exposed to outside air, especially as a draft? If so, cover the pipe with insulation and assure heat is maintained. Turn off and drain pipes with outside bibs. Maintain proper levels of heat in the home.

If the home will be vacant for the winter, turn off the water source and drain the system by opening the lowest spigot. Drain all sink traps that are accessible. Lastly, use a non-toxic antifreeze in all drains to assure traps do not freeze.

Homeowners will reimburse you for damages to your home caused by burst frozen pipes as long as proper precautions are taken to avoid the issue. It will probably not pay for the pipe repair, but will cover the collateral property damage. And, a wise homeowner compares insurance coverage and quotes online from an independent agency.

Keep warm and dry this winter.

If a Winter Storm Damages our Home so we Cannot Live There Safely, Will our Policy Cover Staying in a Hotel?

Damage from a winter storm can make it hard to determine if your homeowners insurance policy will help with the unexpected costs. Although every insurance company and policy is different, it is possible that your insurer may offer solutions for living expenses if you cannot live in your home due to damages from a winter storm.

Review the Policy

The only way to determine if a particular plan will help pay for the hotel costs after your property is damaged is by reviewing the policy and looking for any details. Read through the paperwork and determine if there are any clauses, exceptions or details that may prevent you from making a claim.

Keep in mind that some insurers may pay for living expenses while a house is being repaired while other companies may not. The details of any plan can differ between insurers and specific policies.

Compare your Options

If you are looking for a policy that will help pay for living expenses if the house is too damaged to live in after a storm or similar situation, compare a variety of quotes online. An independent agency can help you identify potential policies that may be appropriate for your needs by narrowing down the choices and offering the best options for your goals and concerns.

When you compare quotes online, you have the opportunity to look at several different plans, policies and companies. Do not assume that the best policy for your goals will always be the most affordable policy. Take your time and read through the different options before you make any decisions. If you are not sure about different plans, an agent can help answer your questions so that you can make an educated decision about the best coverage plan.

It may seem challenging to find the best insurance for your concerns and goals, but it is possible to compare a variety of options and narrow down your choices. When a winter storm hits, some insurers may help you pay for those unexpected hotel expenses.

What Should I Look at in Reviewing my Home Insurance Policy?

When you own a home, it is often recommended that you review your homeowners insurance policy at least once per year. The reason that you want to review your current plan is to identify if better options and solutions may be available. Before you compare online quotes for a new policy, read through your current plan to determine if it is still appropriate for your property.

Liability Protection

A key factor in any homeowners insurance policy is the liability plan. Liability will protect you from financial hardships if a guest in your home falls down the stairs, trips over a toy or is otherwise injured while visiting your home.

The protection plan will help pay for the medical bills that arise when injuries occur. If you have stairs, a pool or a pet, then it is usually best to have some protection against potential injuries.

Property Protection

Read through the details regarding the protection of your property. Find out how much protection you currently own and evaluate the current market value of your house. Ideally, you want enough protection to pay for any repairs that may arise.

The cost of repairs or rebuilding your house may change each year, so this is a particularly important part of your policy to review and check.

Clauses and Exceptions

Many insurers will put in clauses or exceptions that prevent you from making a claim when certain situations arise. For example, an insurer may not cover damages from floods in a basic policy. Find out if the current plan has any clauses or expections that may impact your ability to make a claim. If it does have exceptions, then read through the details to determine if it is an acceptable exception or if you feel that further protection is necessary.

When you finish reviewing your current plan, consider if it is appropriate for your needs. In some cases, it may be necessary to work with an independent agency to find an appropriate replacement when the plan is no longer suitable. Contact us to speak to an agent for more details about reviewing your policy.

Where Can I Get Home Insurance Coverage in New York if I Have Been Canceled?

If your home insurer cancels or decides not to renew your insurance policy, you may be wondering where you can find coverage for your property. Although insurers in New York have the right to refuse you as a customer if they consider you to be a high risk, it doesn’t mean you are doomed to carry 100 percent of the financial liability for your home and its contents.

As soon as you receive notice of your home insurance cancelation, begin shopping around for policies from other insurers. It is best to begin your search online before narrowing down your options to the most reputable insurers willing to give you a good rate for the coverage you want. Keep in mind that your previous insurer’s decision not to renew your policy doesn’t necessarily mean that other insurers won’t want your business either. Each New York insurance company uses different methods and formulas for determining a policy-holder’s risk factor and premium.

If after shopping around, you still cannot find an insurer to cover your property, you may look to the New York state home insurance pool, which provides coverage to homeowners who cannot otherwise find insurance. The coverage comes at a higher price than that of private insurers, but will protect you in the event of a disaster. In New York, most homeowners who participate in the state home insurance pool are those who live in the lower coastal regions, which are prone to hurricane, wind and hail damage.

Liability Protection for New York Home Insurance

When you purchase a homeowner’s insurance policy, your primary concern is probably protecting your personal assets and the structure of your house from potential hazards, such as fire, hail or theft. However, an important part of purchasing a home insurance policy in New York is including homeowner’s liability protection.

Liability for home insurance protects you in case another person becomes injured on your property. This includes not only individuals who you personally invite to your home, but also those who trespass on your property without your permission. It will pay for the medical expenses of someone who is injured for any covered reason on your property, whether that be tripping over your area rug or suffering an injury while swimming in your pool.

Without proper liability coverage, an injured person may sue you personally in a New York court. If he or she receives a favorable judgment, you may have to pay for medical expenses and other losses out of your pocket. Instead, be sure to include homeowner’s liability coverage in your policy.

Although most New York home insurance policies already have such provisions, make sure your policy has at least $300,000 in homeowner’s liability coverage. Your liability policy should provide medical and personal property damage protection to others at your home, as well as payment for your own legal defense fees related to an accident on your property.