Homeowners Insurance Protect Yourself

Consider These Tips When Shopping for a New Homeowner’s Quote

Follow these tips to keep the Prices for Homeowner’s Insurance inline.

  1. Shop around. Always get 3 quotes when you re-quote, start a project, or just shopping.
  2. Don’t consider price alone. The insurance company may go online and see a satellite photo of your home and ad structures without your knowledge. If you don’t read the fine print, you could be overcharged.
  3. Check financial rating of the Insurance company  A.M. Best http://www.AMBest.com  and Standard and Poor’s   www.standardandpoors.com/ratings.
  4. Lower Deductibles equal higher premiums. When you have a loss you will have to come up with the Deductible first before the insurance kick in. Save money by moving deductible to $1000 or $2500. Ask how much you will save on premiums by raising your deductibles.
  5. The land and price you paid for your home should not be the amount of coverage.  If you have a fire, windstorm, theft – your land will still be there. Earthquake Insurance is a whole different matter.
  6. Take steps to save from having a disaster. Modernizing your Electronic Appliances, installing storm shutters, energy star products, etc.
  7. Home security usually gives Homeowners a 5-15% discount.
  8. Keep your Credit in Good order.  Check your credit regularly and pay your bills on time.
  9. Annually review your Homeowner’s Insurance + Get 3 quotes again every year. You never know where you might find a discount.
  10. If you run a business out of your home, remember that the coverage is only $2,500 unless you add a waiver.
  11. Check the website http://www.ca.gov and check if your Insurance Agent is Licensed in your state.



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