New Home? New Home Insurance.
Looking for home insurance? Congratulations if this means you just bought a new house. Home insurance is a logical step in order to provide protection for the house and its contents. Home insurance can't prevent a house from burning or being broken into, but it can give you the financial backing to get through a loss such as that and get back on your feet. So let's take a look at some of the options you have for getting home insurance.
First off, it's good to know that home insurance generally covers loss due to fire, theft and liability lawsuits. Home insurance will not cover earthquakes or flooding unless you buy an additional policy for those. Insurance for floods and quakes are available, just not in a normal home insurance policy. Fire insurance is the biggest part of home insurance, and if you've seen a picture of a house that's been leveled by a fire, you know why. Your home insurance will let you rebuild that house or buy a new one in a different location. Your home insurance will also provide for living expenses while you're displaced. It's certainly a rare event that a house burns to the ground, but if it does, your home insurance will be a life saver.
Since it is a rare event, you'll naturally want to find affordable insurance so that you can save as much as you possible while paying for it. How do you do this? Well, there are a number of options for getting good quotes on home insurance. Some of these you can do yourself, such as alarm systems for your house. Insurance companies know that alarm systems do keep a house safer, so they're willing to quote you rates that are less than the quotes for homeowners who don't install alarms. So this is one of the best options to save on home insurance as you will have a safer house as you save on your rates.
Next on the list of options is to talk to a current provider. You probably have car insurance, and that insurance company probably sells home insurance as well. At a discount to you, because you already have a policy with them. So definitely make this call to get a quote as a current policy holder.
Then search online for home insurance quotes. Online rates range from cheap to pricey, as all insurance companies have online sites and publish their quotes online. The best part about an online search is that it's easy to compare quotes on one screen. Quotes are often listed in numerical order, so it's easy to pick off the best quotes from the top of the list. Don't forget to compare the policies that the quotes refer to, as you don't want to save on home insurance by getting a bad policy. And compare the best quote to the one from your own agent as well.
by: Hayden Minucci