In almost everyone's lives their home is their greatest asset and what they have spent the most money to own. If you have a mortgage with your home, then homeowners insurance is necessary. If you already own the home, you should still have homeowners insurance. It can be expensive to cover your home, but it is worth it if you value the property. Flood insurance is also a great idea if you own a home. Your home should be covered for any and all natural disasters or other things that could happen to your home. If it is not covered by homeowners insurance then you will have a great loss if something happens and you cannot afford to replace your home and everything inside.
There are many factors that go into getting a homeowners insurance quote. Those things include:
The age of the home
How big the home is, or the square footage. That is how they will figure out the replacement cost is by knowing the property size.
The shape of the roof is also something that is considered when going over homeowners insurance and the many policies. There are two main types of roofs, hip and gable. The type you have will affect your insurance rates.
The year of the roof is also another factor for the homeowners insurance quotes.
A fire hydrant near the home, specifically within 1000 ft of the home, is also something that will be looked at by the insurance company and the rates you will be paying for your policies.
One more thing to remember with homeowners insurance is the location of the home. If it is located by the beach, or on an island then the rates will be a lot higher compared to a home on land, not near a body of water.
Upgrading the little things in your home, such as the wiring and plumbing as well as any remodeling will also help lower your insurance rates.
There are things that can exclude you from homeowners insurance as well. Having a certain breed of dog, as well as slides, and trampolines will exclude you from their policies.
If this seems overwhelming or daunting, take it slow. There are independent insurance agents who can search many companies for you and help you find the right company for you and your home. Buying homeowners insurance can be intimidating and scary, but with help you can do it and find the right homeowners insurance for your situation and your home.
by: Parker Bach