How To Choose A Good Home Insurance Company
If you are like most home owners, your house is the most expensive thing you own. You have probably sacrificed to keep it repaired, managed your budget to make loan payments, and spent a lot of week-ends keeping it in good shape! Since your house means a lot to you, and your family, you should also spend some time learning about the policy you buy to cover it with!
It may not be enough to just find the best homeowners insurance rates so you can keep your monthly premiums low. However, affordable premiums are important. It is easy enough to get free insurance quotes so you can find the best prices in your local area. Most of us are happy when we can find a company that will lower our premiums. We have plenty of things to spend money on. However, we cannot sacrifice quality to save a little bit of money!
Before you decide which company you would like to do business with, check out a few other things besides the price.
Your company should be financially stable. It is simple to check financial rates on insurance company or third party financial rating websites. The insurers with the top ratings know how to use their money well. The way an insurance company manages their money should be important to you. They will be using your money too!
You should also find out how long the insurer has done business in your city. There are insurers that pull out of areas when claims get too high. If your home is located in a higher risk area, this can be very important. If you do a good job of shopping now, you could waste your time if the insurer pulls out of your area in six months!
Is a stable company enough though? Actually, one of the most important thing to figure out is which company will provide you with prompt customer service and fair claims handling! When you need service, or have questions you will want to be sure that a helpful person answers the phone. When you need to get your claim paid, you will want it handled quickly.
There are actually insurers that go the extra mile to satisfy their customers. Of course, we have all heard stories about insurers that tried to get out of paying claims, or that just wanted to pay as little as possible. You certainly want your company to be in the first category!
How can you figure out if an insurer will serve you well in the future. You may look at consumer review websites, your state insurance department website, or just ask your neighbors about their experiences.
When you shop for a new home policy, price will matter. You have to be able to afford the payments. But in the long run, a stable, helpful, and fair company will matter more. You will be very happy if your insurer steps up to solve your problems when you need them. If you spend a little time checking into different insurers, you can be sure of getting a good deal!
by: Marilyn Katz