Homeowners Insurance

Buying homeowners insurance should be simple. You have a home and you want to protect it. So you buy homeowners insurance. But, in reality, you may be paying too much or you may have too little homeowners insurance coverage. This could spell financial disaster.

A homeowners insurance quote can quickly tell you if you have the right coverage at the right price. When you get a homeowner insurance quote, you will want to check the cost to rebuild your home. This cost can change, usually it increases from year to year. You may have also purchased new furniture or perhaps you had a new roof put on. You’ll want to make sure your homeowner insurance quote includes the right amount of coverage for these additional items and at replacement cost value. Nearly every homeowner insurance company offers or requires you to purchase replacement cost value insurance. If your home is damaged by fire or some other covered loss, you will have to rebuild or replace items at today’s prices, not the price of when you bought it. If you don’t have replacement cost coverage but have actual value coverage, then your homeowners insurance would only reimburse you for the cost of what you paid for the item when new, less depreciation.

Your homeowner insurance premium reflects the amount and type of coverage you have. Another reason to get a homeowner insurance quote. You can shop and compare the cost of the coverage you really need and make sure you’re getting the best value for your homeowners insurance dollars and from a reputable homeowner insurance company.