- How to Compare Home Insurance to Get the Best Rate
Home insurance can be expensive, but you can save hundreds of dollars a year on your premium by spending just a few minutes shopping rates. Here's how ...
Understand What's Covered
You want to understand what a home insurance policy covers so you know how much coverage to get. Here's what it covers:
Your home - Your home insurance pays to rebuild or repair your home after it's been damaged by fire, water leaks, vandalism, lightning, frozen pipes, ice, snow, and storms. Standard policies do not cover damage done by floods or earthquakes, but you can buy additional coverage for those disasters through your insurer.
Your possessions - It pays to replace your personal possessions after they've been stolen or damaged by vandalism, fire, water leaks, lightning, frozen pipes, ice, snow, and storms. Standard policies limit coverage for expensive items like jewelry, antiques, and furs, but you can purchase additional coverage for these items through your insurer.
Your assets - It pays for liability claims and your legal fees when you're found liable for injuring someone, like if they slip and fall on your property. Standard policies include $100,000 worth of liability coverage, but you can purchase more coverage if you have a lot of assets you want to protect from a lawsuit.
Additional living expenses - It pays for your additional living expenses, such as motel and restaurant bills, when your home is being repaired and you need a place to stay.
Shopping for home insurance online is the quickest and easiest way to compare prices and get the best rate.
Now, thanks to insurance comparison websites, you can get quotes from a number of different companies without having to go from one company website to the next and fill out one form after another. You just fill out one simple questionnaire to get multiple quotes from A-rated companies. It's quick, it's easy, and it's free. (See link below.)
Money Saving Tips
Once you've chosen the company with the best rate, you can lower your premium even further by following these tips:
Insure only your home - Don't insure your home based on it's market value which includes the value of your land. Find out how much it would cost to rebuild your home from a local builder or real estate agent, then insure your home for that amount.
Raise your deductible - Raising your deductible, the amount you pay toward a claim before your insurer will pay, can save you a bundle. For instance, raising your deductible from $250 to $2,500 can save you up to 35% on your premium.
Install security and safety devices - Installing a burglar alarm, dead-bolt locks, window locks, smoke detectors, and security lights, can save you 5% to 20% on your premium.
Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to compare home insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section.
The author, Brian Stevens, is a former insurance agent and financial consultant who has written a number of articles on how to compare home insurance.
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