Looking for and selecting a homeowners insurance policy can
be one of those pesky details that goes along with the home buying process, but
the following tips derived from the 20+ years’ experience of Floyd Arthur and
New York City based Carmoon Group will help you cut through the fog and get to
the important details of buying the perfect policy for your business.
Determine Insurability
In order for a company to accurately determine a quote for insuring your home, they will need at least the following information to get started.
In order for a company to accurately determine a quote for insuring your home, they will need at least the following information to get started.
- When was the home built?
- How old is the plumbing and electrical?
- What type of roof?
- What’s the square footage?
- How many claims have been filed over the past 5 years?
- Where is the home located?
Deductibles
After you provide them with that information, their next question will be; what would you like the deductibles to be. Having a higher deductible can save you money on your monthly premiums, but you have to make sure you have the cash on hand to cover the added cost during a claim. It is best to see the difference in price at each deductible level to find a mutually agreeable price point.
After you provide them with that information, their next question will be; what would you like the deductibles to be. Having a higher deductible can save you money on your monthly premiums, but you have to make sure you have the cash on hand to cover the added cost during a claim. It is best to see the difference in price at each deductible level to find a mutually agreeable price point.
Available
Discounts
The majority of people already know about the discounts commonly offered for having multiple policies from the same company, but make sure to ask about any additions discounts they may offer. This could be for things such as the age of your home, claims history, security features and several other options depending on your company of choice.
The majority of people already know about the discounts commonly offered for having multiple policies from the same company, but make sure to ask about any additions discounts they may offer. This could be for things such as the age of your home, claims history, security features and several other options depending on your company of choice.
Review
Your Policies
The housing market continues to fluctuate, especially in todays’ volatile market landscape. It is more important now than ever before to ensure that your policy is staying up to date with the fluctuating values of your home, this will help you avoid overpaying or being under protected.
The housing market continues to fluctuate, especially in todays’ volatile market landscape. It is more important now than ever before to ensure that your policy is staying up to date with the fluctuating values of your home, this will help you avoid overpaying or being under protected.
