subject: On Choosing a Home Owner Insurance Policy Provider in California [print this page] On Choosing a Home Owner Insurance Policy Provider in California
In California, the insurance industry is a whole new ball game. It is one of the few states where perils range from those brought by the weather (think hail and flood), geological conditions (earthquakes) and, at a number of places, high crime-rates. Not to mention some incidents of fire, and wildfire.
Now, while premium rates cannot be set by the state, the government does approve rate requests. The California Department of Insurance can also give you figures regarding the going insurance rates for certain locations. From there, you should have a rough estimate of how much you'd have to pay. That way, when you get quotes from multiple insurance companies, you'll know when the price is reasonable enough.
Getting quotes for California home owner insurance is also easy, as there are comparison websites that can help you with that. You no longer have to contact several companies and get your figures. All you have to do is input pertinent info in the forms provided by the comparison site and you'll receive a list of figures from several home owner insurance policy providers.
The if-it's-too-good-to-be-true-it-probably-is rule also applies in insurance. Be careful with shady policy providers. Check the company's ratings. You can check financial ratings through government websites. You can also check the Internet BBB for complaint ratings. Learn about the average processing period and customer service. After all, you would want a reliable company, come claim-time.
Opting for an all-risk policy can be expensive. If you want cheaper premiums, you should know about the risks in your area. This will affect the coverage you will need and the price that comes with it. Learn what is covered by standard policies. You might need separate policies for hail, flood or earthquake damage. However, you can also find ways to reduce premium for these policies. For example, you can install shatter-proof windows if you live in stormy areas. Make sure the plumbing is in good condition. Install fire-alarms and home security systems, especially in high-risk areas.
The purchase of a home owner insurance policy is an investment that you wouldn't want to go awry. Know what you are getting into by looking up insurance information in your location.
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