Low Cost Homeowners Insurance
When shopping for homeowners insurance, what better time to get an auto insurance quote as well. The best way to save on your insurance is by combining your auto and home with the same company. Although your homeowners insurance isn’t discounted heavily for this, your auto insurance will take a generous decrease in premium when you go about shopping this way. You can save up to 17% depending on which company you are matched up with. If you currently have auto insurance you may reevaluate your current rates with an auto and homeowners quote here. Otherwise, please enter your zip above to begin a quote.
Homeowner’s Insurance, what are you getting with a policy? The amount of home insurance coverage you get will depend on the policy you choose.
3 Main Homeowners Forms:
The first three homeowner insurance forms are the basic, broad and special. The special is one of the best forms you can go with seeing that it is an all risk policy. What this means is all perils (causes of loss) are covered unless listed on the exclusions page. The basic and broad form are named peril forms which means only the perils named will be covered, nothing else. These may be used for an unoccupied or vacation home. For your Primary residence, the HO3 special form is pretty much the standard policy offered by Agents.
Take a close look at the risks.
There are a number of risks you can reduce as a homeowner. Making sure to eliminate hazards such as wet leaves on the sidewalk or branches extending over portions of your house will help reduce the number of potential claims. Swimming pools are wonderful to have but will increase the rate and premium. If you do decide to purchase or already have a pool, think twice before installing a diving board. These are seen as high risk additions with a history of injury claims. If your family is considering buying a pet such as a dog, there may be some breeds you would like to stay away from. A friend of mine actually got denied coverage since they owned a Chow. Some dogs that Insurance companies see as high risk include:
- Pit bulls
- German shepherd
- Siberian huskies
- Alaskan malamutes
- Doberman pinscher
- Presa Canario bulldogs
- Great Danes
Home Insurance Rates will also depend on where you live. If you live in an area with a history of break-ins, your Insurance Company will take this risk into consideration. One of the best ways to get a break on your insurance coverage is by combining your homeowners insurance with your auto policy.
Homeowners insurance protects the home itself and the things you keep in it. Home owners insurance provides protection against many disasters. Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners responsibility. This is where you may want to look into a warrantee plan for just in case a water heater goes out.
Homeowners insurance is a package policy which covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to others.
You can usually get discounts of at least 5 percent for a smoke detector, burglar alarm, or dead-bolt locks. When doing your quote make sure to note if you have these items if not asked during the quote process. Also make sure to note if you have a sprinkler system installed for fire safety. Some companies offer to cut your premium by as much as 20 percent if you install a sophisticated sprinkler system and a fire and burglar alarm that rings at the police station or other monitoring facility. These systems aren’t cheap and not every system qualifies for the discount. If your looking to get a system, find out what kind you local insurance companies would recommend and how much you would be able to save on premiums.