Homeowners Insurance, What To Look For

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Homeowners Insurance, What To Look For
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• Choosing the right level of insurance cover, or
  even a reputable provider of homeowners insurance
  for your home in 2016, is no easy task. There are
  plenty of US insurance companies that will
  happily have your business. So where do you start?

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As the economy tightens and increases the squeeze
on the family budget, its even more important to
consider the cost of homeowners insurance before
making your final decision, so its a logical
place to start your search. But theres more to
consider than just price itself.
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• Once youve found options that fit your budget,
  make sure you look for the following offerings to
  be sure youve got the right product for your
  needs.
• What Does The Home Insurance Cover? 

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• Does your insurance match your requirements? Do
  you live in a flood-prone area? Are bushfires a
  regular occurrence? Evaluate your needs then be
  sure you understand the following options that
  may be provided by insurance companies
• Dwelling Coverage This is the part of your
  policy devoted to the repair or rebuilding of
  your home if damage is the result of a covered
  loss. 
• Liability This helps protect your assets and
  will cover some lawsuit costs should you, a
  family member, or any person be injured on your
  property.
• Other Structures Covers the cost of repairing or
  rebuilding detached structures such as garages,
  sheds, etc.

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• Personal Property A component that covers your
  personal effects such as clothing, electronics,
  furniture, etc. that are damaged or destroyed by
  a cause covered by your insurance.
• Loss of use When your home is damaged to the
  point that you are unable to inhabit it and
  require temporary housing while it is being
  repaired, then loss-of-use cover will help pay
  your housing and living expenses.
• Guest Medical In an instance where a person is
  injured on your property and they dont want to
  sue, then guest-medical covers medical bills and
  related expenses.

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Do They Offer Additional Protection? 

• Some examples of additional coverage items
  include
• Identity theft Credit card fraud, stolen
  identification, and recovery of lost documents.
• Optional personal property Items not covered as
  standard, and which you can include to your
  insurance policy.
• Water damage Caused by sewer or storm-water
  backup.
• Natural disasters Flood, earthquake, wind, and
  fire protection (if not included as standard).
•   

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Does The Insurer Offer Discounts? 

• Theres a variety of discounts on offer out
  there, and failing to take advantage of them is
  as good as leaving money on the table. Make sure
  you compare discounts on offer, some of which
  include
• Multiple-Policy Discount Can you combine an
  auto, life, or other type of insurance policy to
  get a discount?
• Protective Device Discount Do you have a
  security system, fire alarms, or other security
  devices that can potentially provide you a
  discount on your homeowners insurance?
• Claim-Free Discount Do you qualify for a
  discount if you havent filed a claim?

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• Group Savings Some memberships or affiliations
  with certain businesses make you eligible for a
  discount. Be sure to ask when speaking to your
  broker.
• Newly Purchased Home Discounts if you recently
  purchased your home.
• New/Renovated Home Discounts if you recently
  renovated your home.

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• Selecting an insurance company that aligns with
  your discount eligibility can result in major
  savings, so be sure to consider discounts when
  looking for a homeowners insurance provider.

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• When looking for homeowners insurance in 2016,
  theres no one solution that fits all.
  Competitive pricing is important, but whats most
  important is that youre covered should an
  incident occur. 
• Make sure you look for homeowners insurance that
  covers you adequately, and be prepared to pay a
  little extra to ensure your peace of mind.

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Questions? Comments?

• Website http//michaelputnam.com/
• Michael Putnam
• info_at_michaelputnam.com
• 703-928-6514
•  
• Sources
• http//www.thesimpledollar.com/best-home-insurance
  /
• http//michaelputnam.com/homeowners-insurance-what
  -to-look-for/

• We are happy to help you!