Obtaining Lower Homeowner Insurance Quotes

2007-03-08 10:33:40

( Real Estate )



Homeowner insurance provides you with a form of financial protection for your home and its contents from accidents, theft, vandalism and natural disasters (with the exception of fire, earthquake and poor property maintenance), up to a certain limit.

There are certain factors that affect homeowner insurance quotes: the size of your home including any structures that were built since you owned the property, building costs in your area, the construction materials used to build your home, the location of your property, the distance of your home from a fire hydrant and/or fire station, the condition of your heating, electrical and plumbing systems and if the property is located in a natural disaster prone area.

Because homeowner insurance quotes vary according to different insurance coverage, it is recommended that you shop around for the best deal possible, not only according to the price they provide, but also the coverage that it includes.

When requesting for homeowner insurance quotes, allowing for a high deductible can lower the premium. Deductible is the amount of money taken away from your insurance claim before you are paid.

Cheap homeowners insurance can also be obtained if you buy your other insurance policies such as car and/or life from the same insurance company.

Making your home more disaster-resistant and safe by installing shatterproof glass windows, stronger reinforcements on the roof and installing home security devices like burglar alarms, so that the home is kept safe from any theft can decrease the cost of your premiums.

You should review your homeowner insurance every year, so that you can get extra coverage for any additional purchases or improvements you have made to our home. Any valuable possessions that have been disposed of during the current year can then be excluded from the policy, and thus possibly decrease the annual premium.

Make sure that once you have narrowed down your choice on an insurance company who has given the best insurance quote, that you carefully do a background check on them. Ensure that the company is licensed in your state, so that if any problems arise, you can obtain the state’s assistance to settle any disputes. The local state insurance department can also give you information on the financial standing of the company, the average premium that an insurance company should charge based on different coverage and the processing time for claims: a good insurance company has a fast turn around time in processing and releasing claims made by homeowners.


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