Homeowner´s Insurance

Homeowner’s coverage comes in different forms ranging from “specified perils” and limited coverage to comprehensive with additional clauses covering floods, earthquakes, wars, and nuclear accidents. Some items like antiques, or expensive electronic equipment like computers or home theater systems, generally require additional coverage.

Some experts advise creating an inventory with photographs to document items and values. The benefit is a tangible record of assets and, if needed, the documentation is available to speed along a claim.

Buy enough homeowner´s coverage to protect your home and its contents for the cost to replace anything damaged or destroyed. Be careful about the term “replacement value.” Replacement value may be a lesser amount that doesn´t account for inflation or appreciation.

The following strategies can help you save money on insurance:

• Use a home security system. (While it probably won’t lower your premium, you can improve home security by upgrading locks and bolts on windows and doors. Often city police departments have a department dedicated to public safety and yours may have a home security checklist.)
• Raise your deductible. Keep a contingency fund to cover the deductible so you can minimize unplanned out of pocket expenses.
• Take advantage of group rates through your work or professional organizations. If you are a senior citizen, ask about senior rates.
• See if there is a rate advantage by combining insurance purchases through a single company.

By using our streamlined process, insurance professionals can provide you with home insurance estimates that are right for you.