Home Owner’s Insurance Tips You Need Before Choosing Your Policy
Many people don’t shop for insurance on their home all the time. Homeowner’s insurance protects your home and personal belongings. Choosing the right insurance company and policy can be really important if you do make a claim.
If you need to file a claim with your homeowner’s insurance company, do so promptly. Quickly respond to any request for information as completely as you can. The more information the insurance company has, the faster they can process your claim. Also, much damage suffered by homes will only worsen with time, meaning that if you let it sit, the cost will be higher.
To protect your personal property in a rented residence, you need renter’s insurance. The landlord or property owner will have insurance to cover losses on the building, but not on the items inside your unit. This is your responsibility. Fortunately, renter’s insurance is quite affordable, and available from most insurance companies and independent agents.
A higher deductible on your homeowner’s insurance can save you money on premiums. While a higher deductible may mean that you will be responsible for small repair costs such as broken windows, more often than not these costs are balanced out by the savings you will receive on your annual premiums.
If you have high-value items, they may not be covered completely by typical homeowner’s insurance. For example, expensive jewelry may need to be appraised, and then the insurer will issue a rider to cover the item in case it’s stolen or damaged. Make sure to mention high-value items to your agent, to make the process of filing a claim easier, should you need to do so.
Find the ratings for the insurance company that you are considering opening a home insurance policy with. You will be able to learn about the billing, claims, customer service and overall satisfaction ratings. Be sure that the ratings that you are getting are coming from independent customer satisfaction surveys.
To pay lower home insurance premiums, install a home security system. Insurance companies typically give a discount of 5% or more, to homes that have a maintained security system. You may have to pay more for your security system up front, but the purchase will save you money in the long run.
Do not smoke in your home. Most people know that smoking is terrible for their health. What you might not know is that not smoking can also save you quite a bit of money on your homeowners insurance. Just make sure that you inform your provider that your household is non-smoking.
When taking a detailed inventory of your possessions, you can document each item using a digital camera or camcorder, or even a pencil and paper. If you must make a claim, an insurance company will ask for proof of what you had in the home. This kind of inventory will make the process quicker and simpler for you and your insurance company. Keep this inventory in a location that is shielded from damage to make sure it is secure.
By using the advice you just read, it can be much easier to shop for home owner’s insurance. Just get the cover you require, do what it takes to be able to file a claim and talk to your insurer about discounts.