4 Questions To Ask When Shopping For Home Insurance

15 October 2018
 Categories: Insurance, Blog

Carrying homeowners insurance is always a good idea for your peace of mind and protection. If a disaster were to strike your home, the right home insurance coverage can help protect you financially. And of course, shopping around for homeowners insurance can help you get the best deal on coverage. As you shop around for home insurance, there are a few important questions worth asking to help you make a better informed decision regarding which policy and insurance carrier is right for you.

What Is Your Claims Process?

Start by inquiring about the claims process. This is the step-by-step process you'll be required to follow if you need your policy to cover some kind of damage to your home. You'll want to find out exactly what the process entails and what steps you'll need to follow to get your claim processed, as well as typical timelines so you have a better idea of what to expect.

Will I Have an Assigned Agent?

These days, more insurance companies are allowing people to purchase their coverage online, which is certainly convenient. However, if you buy online, be sure to find out whether or not you'll have a dedicated insurance agent. In some cases, you might. In other cases, you may only have a dedicated agent if you purchase over-the-phone or visit a local branch. Having an agent can come in handy when you have specific questions about your policy or want more of a personal touch to your service.

What Discounts Am I Eligible For?

Most homeowners insurance companies offer discounts to their policy holders, so be sure to inquire as to which ones you're eligible for. Different companies may offer different types of discounts. For example, some may offer savings for policy holders who have certain security features in their home, such as a security system or cameras. 

Which Insurance Riders Do I Need?

Depending on where you live and the coverage options offered by your carrier, you may also need additional insurance riders to protect your home completely. For example, if you live in a known flood plain, then purchasing a flood coverage rider as part of your policy is highly recommended and may even be required by your mortgage lender.

These are a few of the most important questions worth asking when shopping for a home insurance policy. In doing so, you'll be able to make a better informed decision when it comes time to buy coverage. Keep these questions in mind as you contact local companies like Family Insurance Centers