Tips on Buying Homeowner's Insurance

Your insurance agent needs extensive information from you to quote you the best rate for your policy. To determine insurability, an agent will ask:


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?

You can save money by having a higher deductible on your policy.

You have other choices on your home insurance policy that you can tailor. Liability coverage is a part of your homeowner's insurance policy that is often overlooked. This protects the insured against claims arising from bodily injury and property damage to others.

Make sure that you are getting all of the credits for which you are eligible. If you have an alarm system that reports to a central station (a company such as Brinks or ADT), in some cases, you can get up to a 20% discount. The most common discount is the multi-policy discount. This will save you money on your home and auto insurance.

Call your agent and review your homeowner policy at least every year. Needs change, markets change and coverages change. You should stay up-to-date on your insurance because you never know when you will need to rely on it.