If you are considering updating your home insurance policy, you need to make sure you know how much coverage you need for all of your personal belongings. Often, people forget to update their policy when they buy new things or get rid of old items. Making sure you have the protection you need when a disaster strikes will ensure you can get back on your feet quickly.
Taking a home inventory is the first step to identifying how much insurance coverage you need for your home. One of the easiest ways to do this is to go through each room of your home and write down all of the items that would need to be replaced if there was a flood, fire or other natural disaster. Some people even choose to take pictures or a video with their cell phone. This is a great idea if you want to make sure you can prove that you actually know what you own and the condition of the items before you make a claim. Remember to include collectibles and expensive jewelry when you are making your home inventory. Your home insurance is there to help you when you need it, but sometimes the stress of the situation will make it difficult to remember all of your items.
Before searching online for home insurance quotes, make sure you make a list of your home inventory and store it in a safe location. You may even want to give a copy of the list and pictures or video to a friend or family member. Next, you can calculate the value of your items and decide how much home insurance you need. You want to get life back to normal as quickly as possible after a disaster, so make sure your home protection is ready when you need it.
In rough economic times, it might be difficult to find the cash to do anything other than pay your bills. And under certain conditions, it may even be difficult to simply do that. But no matter how tough times get, you don’t want to default on your homeowners insurance. It’s not just a matter of you not wanting your investment to go unprotected; your lender doesn’t want its investment to go unprotected, either. And if your lending institution finds out that you’ve lapsed on your home insurance, you could be in for a very expensive surprise. Most lenders include a clause in their contracts that in the event a home is uninsured, they may insure it at will – and you’ll have to pay the premiums, which are often much higher than the one you selected yourself. So how can you prevent this from happening when money’s tight?
Discount House Insurance
Obviously, it’s imperative that any homeowner manages his finances responsibly, but even the most careful person can have a run of bad luck and be faced with unexpected bills. Divorce, illness or the loss of a job can all compromise your finances, so if you own a house, it’s in your best interest to select an insurance policy that you can absolutely afford well before disaster strikes. Shop around and inquire about discount house insurance, and see if it meets your minimum coverage requirements. This way, you wind up spending less on insurance, which can save you lots of cash in the long run!
With all of the terrible natural disasters that have hit the planet in recent months, many people are starting to compare homeowners insurance in order to add earthquake and flood insurance to their policies. Regular homeowners insurance policies do not include these options, but simply adding them to your policy could increase your insurance premiums significantly. However, not adding them could result in insurmountable costs in the event of a natural disaster. So how can comparing insurance help you get the coverage you need at rates you can afford?
Why you should compare homeowners insurance
When you compare homeowners insurance quotes, you’ll find the price varies significantly from company to company, and it’s not unusual to find a quote that offers you a better rate than you’re currently paying. Adding flood and earthquake insurance becomes much more affordable when you’re paying less on your homeowners insurance, so it might be a good idea to switch insurance carriers. A word of warning, however: most insurance carriers require at least 30 days notice before you can terminate your policy, so read the fine print carefully before taking action. Also make sure that the policy you want to switch to is in full compliance with your mortgage lender’s requirements.
Comparing insurance online
Comparing insurance online with AgentInsure is an easy, trustworthy way to find the best quotes on homeowners insurance. All you have to do is enter your information in the online form and your quotes will be sent to you by email. There’s no obligation to purchase any insurance and you can take all the time you need to review the quotes. Why wait? Request your free quotes from AgentInsure today!
When you’re in the market for homeowners insurance, you will probably spend a lot of time deciding whether to go for a policy with a lower monthly premium and high home insurance deductible, or a higher premium and a lower deductible. And though, in most cases, the amount of a home insurance deductible depends largely on how much the homeowner can afford on his or her monthly premiums, there are also other factors that influence insurance deductibles.
Do You Have the Cash?
It’s simple but true: the rainy day rule applies. No matter how much your home insurance deductible is, if you’re like most of us, you’ll have to dip into your savings in the event of damages. If you’ve got a savings account with a considerable amount of money you can access at any time, it might not be a bad idea to choose a higher home insurance deductible. With a higher home insurance deductible, you have the advantage of lower monthly premiums until disaster strikes—which it may never do. If this is the case, comparing quotes that feature a higher home insurance deductible should be your priority.
A Lower Home Insurance Deductible for Peace of Mind
If saving isn’t a luxury you can afford, or if you’re already using your savings for other things, like sending your children to college, it’s advisable to choose a higher monthly premium with a lower home insurance deductible. In the event of damages, you’ll be looking at a relatively lower sum for your home insurance deductible before your coverage kicks in. When comparing quotes, it’s the lower deductible that you’re looking for to keep your home safe.