Not all homeowner’s policies are the same, so here’s what you need to know to find the best coverage
Homeownership is a substantial long term investment, and that is why it’s important to have the best homeowner’s insurance in place to insure against the unknown. If you have a mortgage on your home, your finance company requires the coverage.
Additionally, if you own rental property, the only way to ensure that your investment is protected, is to have adequate homeowner’s coverage. You may want to also require your renters to carry coverage, to protect their own personal property and their liability as tenants
We know that home insurance is one of those “buy and forget” transactions, but it’s our job to stay on top of your investment and the coverage to protect it against unforeseen events, losses and disasters.
That’s just what we’re going to do. But here is a starting point for you. Consider these tips when you’re shopping for your new homeowner’s policy:
Tip #1: Evaluation based on homeowner’s insurance coverage
Working with a JPG Insurance professional to review your coverage gives you the peace of mind to know that you are adequately covered for your home’s replacement cost, as well as adequate coverage for your personal belongings. You will also be advised as to the liability you would have and the amount of coverage you may need to protect your assets, should someone be harmed on your property. There are agents who will offer lower premiums by under insuring your property and contents and not taking into account full replacement versus cash value.
Tip #2: Compare home insurance prices and ask for discounts
There are many companies that offer competitive rates for homeowner’s coverage. Getting quotes from several different carriers will give you an edge in finding the best coverage for you at the best price. There are also package discounts available if you insure both your home and auto with the same company. Always remember to make sure that you have adequate coverage on a replacement cost basis for your dwelling and contents.
Tip #3: Make sure that the company you insure with is “A” rated and handles their claims in a fair and expeditious manner
Ask your agent what his/her experience is with the claims process for the company they are quoting. Having the best rate is only of value if the claims are paid timely and with as little inconvenience as possible.
Still have questions? No worries, our team is here to help. Give us a call and request a review of your homeowner’s policy now at (702) 897-4400 to discuss your needs.