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.

If my spouse has bad credit do I have to include them when purchasing a homeowners policy?

Many newly married couples bring with them a lot of things, for better or worse. This often includes their credit histories. While your credit history may be spotless, your spouse may have a less than stellar track record when it comes to their credit. Your spouse’s unpaid debts, defaults and bankruptcies can have a tremendous impact on joint activities, including applying for bank accounts, mortgages and insurance policies.

When it comes to applying for a mortgage, a spouse with bad credit usually spells a more difficult time finding a mortgage with reasonable rates or in some cases, finding a mortgage at all. Fortunately, things are a bit different when it comes to your homeowners insurance.

In most cases, it’s not mandatory for your spouse be identified in your homeowners policy, although it’s usually a good idea to include them in order to get the maximum benefit from your policy. As long as your spouse resides in the home, he or she is covered under your policy’s personal property and liability insurance. Some insurance providers may not extend coverage to your spouse unless he or she is specifically named on the insurance policy. This practice may vary among providers, so it helps to read the fine print.

If you do decide to add your spouse to your homeowners policy, it’s important to know how your spouse is bad credit will affect your insurance premiums. By contacting us, your independent agency can help you figure out the total costs of your homeowners insurance and even offer valuable ways you can reduce your premiums.

If you’re shopping for a new homeowners policy for yourself and your spouse, it’s a good idea to compare quotes online in order to get the most out of your future policy. By running live comparative quotes on the website, you can review different plans from multiple carriers and find the best policy that fits your budget while meeting your specific needs.

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.

Do I need to modify my home insurance policy if the road or utilities around my house are improved by the city workers?

City construction on the road and utilities around your house can have an impact on the drive and comfort of your neighborhood, but the impact on your home may or may not require modifications to your homeowners insurance policy. Depending on the details of the situation and the impact on your personal property, it may be appropriate to talk to an independent agent for new insurance quotes.

Basic Work

Road construction may or may not have an impact on your policy based on the improvements and projects that are completed. When the work is designed to improve the roads due to damages from a storm, pot holes or other problems, it may not have an impact on the value of your house.

Basic work is a necessary part of maintaining the road, so it does not always cause the price of homes in the area to increase.

Community Improvement Projects

In the case of a community improvement projects, the utilities and amenities in the area may improve. As a result, it is possible that the value of your house may also increase when the construction is completed.

If a project within the community causes the value of your house to increase significantly, then it may be appropriate to modify your current plan. It is also important to modify the plan if the work can have an impact on your personal property, such as damages to the yard or possible accidents that take place in front of your house. Community improvement projects can have an impact on the property value, the local amenities and the property surrounding your house, so it may be appropriate to add to your current policy or make changes to keep up with the alterations in the community.

Road work and utility improvements within the local area may or may not have an impact on your homeowners insurance policy. If you are not sure about the impact on your home, then talk to an independent agent to find out your options or to address your concerns.

I am renovating some parts of my home and the contractor was injured during the work, am I liable?

If you are a homeowner, you are undoubtedly concerned about potential liability when you hire a contractor. Since every homeowners policy is different, it is always best to ask your independent agency precisely what type of liability coverage that you have.

If a contractor was injured while working on a renovation on your property and he is injured during the work, you may be liable. Your homeowners policy will typically include liability insurance, which is the type of coverage needed for these situations.

However, just because a contractor sustained an injury while on your property does not mean you are automatically required to pay for the treatment of this injury or for any pain and suffering associated with said injury.

A licensed contractor will typically maintain his own insurance that would cover injury on the job. However, the specific details of the injury – the way in which it took place – can have a significant impact on who will end up paying damages related to that accident.

If there is a contractor injury on your property, it is important that you report it to your insurance agent right away. Your agent can help determine precisely what liability, if any, that you have as a homeowner in this situation. Should it be determined that you are liable or partially liable, your homeowners insurance will cover the damages claimed by the contractor.

When you shop around for your homeowners policy, it is very important that you compare policies to make sure you are getting the coverage you really need. Good liability coverage is essential for any homeowner, and by doing some comparison quotes you can make sure you have this, and all the other essential homeowner coverage.

Don’t take a chance on being caught without the full homeowners insurance coverage needed. You can do a quick quote comparison online through Agent Insure, allowing you to look at all your options and keep your home and family protected at all times.

Why should I report home renovations to my independent insurance agent?

It is essential that homeowners contact their insurance agent when there are plans to start a home renovation project. Whether the project is complex and involves adding extra square footage to a home or it is a simple room makeover, the insurance company needs to be informed.

The insurance company that is the provider of an individual’s homeowners insurance policy must be informed in order to adjust the policy. Adjustments need to be made when square footage is added, appliance/fixture upgrades occur, or a room undergoes considerable changes. Reporting these adjustments or changes to an insurance company may increase a current insurance premium, but the alternative is much worse – not having proper coverage.

After a home renovation project, if the homeowner has not made the proper adjustments to an existing homeowners insurance policy, the new upgrades and/or changes to the home or a specific room might not be covered. This means homeowners may not receive financial compensation or coverage if property in that area is damaged or requires a repair.

In some cases, if adjustments have not been made to the homeowners insurance policy, the room/space may still be covered. Unfortunately, the coverage that is provided will be based on what the insurance company has on file and may not adequately cover the cost of repairs.

Another reason homeowners should contact their insurance agent regarding home renovations is to make sure they are properly protected against any accidents or injuries that may happen during a project. Most contractors have general liability insurance policies, but those do not always provide the protection a homeowner wants/needs. Purchasing an additional general liability insurance policy can provide homeowners with protection against lawsuits that may arise if a contractor is injured while working on a project.

Don’t find yourself in a situation where you do not have adequate insurance coverage during and after a home renovation project. Work with an independent agency to find and compare insurance quotes online. It will help ensure that your home has the proper coverage for both during and after any home renovation project.

I bought some items shopping online, and my credit card information was stolen. Am I covered for this under my homeowners policy?

When it comes to e-commerce, it can be difficult to determine if a home insurance policy is appropriate for the situation. Although shopping online may be covered by some insurers, your homeowners policy may limit the amount that is available or may not provide coverage for certain situations.

Coverage for a Home

In general, homeowners insurance is designed to address the concerns associated with your house and the personal belongings that you keep in your house. When you compare quotes online, you may discover that certain items are covered by your policy while other items are not.

Depending on your insurer, you may or may not be covered for identity theft. The circumstances surrounding when you are covered may also vary. For example, you might be covered if your credit card is stolen from your house after a break-in, but your insurer may not cover you against identity theft if it relates to an online purchase.

Solutions After Identity Theft

If your insurer does offer coverage against theft from your credit cards, then you may make a claim on your policy. Read the plan carefully to determine if the situation is covered and that you do not have any clauses that may prevent your claim from being processed.

Since identity theft is a concern, you may discover that your credit card company has solutions available to reduce your financial liability. Inform your credit card company immediately if you notice strange activity or charges that you did not approve. The credit card company can freeze your account and then take steps to eliminate those charges. In many cases, you are not liable for any charged to your account from an unauthorized source.

It is bothersome when shopping online results in the loss of personal data, but that does not mean you have no options available. Even though your homeowners plan may not cover the situation, your credit card company may have options available to limit your financial risk. An independent agency can help you compare quotes and find solutions that are available. Contact us to talk to an agent for more information.

I have some prized botanicals in my garden that were destroyed by the winter weather. Is their replacement covered by my home insurance policy?

When a person’s home is damaged in a winter storm, his or her first thoughts are often of making a homeowners insurance claim. What if all the value isn’t in your home, though? What if you have a collection of prized botanicals on your property, maybe even rare and expensive ones, that get damaged in that same storm? The call to your insurance agent may go quite differently in that case.

Damage to plants outside your home is generally covered only for perils such as explosion, fire, lightning, theft, vandalism, malicious mischief, and damage from vehicles not owned by anyone living in the dwelling. It is not impossible that your prized garden could be ruined by a lightning strike during a winter storm, but it’s not terribly likely, either. If it does happen that your prized plants are ruined by a covered event, then the coverage is often limited to not more than 5 percent of the value of the dwelling coverage and no more than $500 per plant.

If you want special coverage for particularly rare or expensive plants in your garden, you can get special policies or riders that not only cover your plants in the event of wind, snow and hail, but also increase the maximum benefit amount for plant claims. The cost of the coverage would depend on a number of factors, including risk, location, and the value of the insured plants.

When you are looking for a homeowners insurance policy with a rider to cover expensive plants, you should start by comparing the basic policies. Working with independent agents, we offer the chance to compare quotes on our website and to find the best possible policies for you with the best possible prices. Once you’ve narrowed your policy needs to a few choices online, you can start to ask more specific questions about riders for landscaping or expensive plants, helping to select the exact policy that you need.

Do any types of home insurance enable me to receive a tax deduction or credit?

When you are choosing the homeowners insurance for your property, you may have questions about tax regulations and whether your insurance purchase can qualify you for a tax deduction. While every case is different because each policy is unique, this is definitely something to speak with your independent agency about. You may be eligible for savings on your taxes thanks to your homeowners insurance purchase.

If you are the owner of the home and you reside in the home, you will generally not be able to take tax deductions or credits to offset your home insurance purchase, according to IRS regulations. However, you can sometimes take tax credits or deductions on the home insurance for the home that you own in certain other circumstances.

If you are operating a business that is fully or partially operated out of your home, you may be able to claim a tax deduction for the home insurance premium. If your home is partially used for business, you will typically be able to deduct an appropriate percentage (a percentage corresponding to the percentage of your home used for business purposes) on your taxes. In the event that you own a home that is used only for business and you do not reside there at any time, you will typically be able to take a full tax deduction for the insurance on the home.

If you are a home owner who rents the home in question to tenants, you will typically be able to deduct your home insurance costs on taxes. If you rent the entire home to a tenant, you may deduct the full amount of the home insurance on that home. In the case that you rent only a portion of the home and reside in the rest – for example, you rent individual rooms out to tenants and your family lives in the rest of the house – you will usually be able to deduct an appropriate percentage of your home insurance costs on your taxes.

When you look for your homeowners insurance, it is essential that you know exactly what you are getting. At Agent Insure, we help you to compare policies from multiple providers at one time. Try our online tool to compare rates now!