Homeowner Insurance Tips
• Figure out what limits you want on your homeowners insurance,
and what value you need to insure, then call several insurers for quotes.
• Sometimes you'll get a better deal if you buy your homeowners
and auto insurance from the same company.
• Make sure you get a quote for insurance that would pay to
replace your belongings, rather than pay you based on their depreciated
value.
• Update coverage for the value of your home and its contents,
if needed, every five years.
• Raise your deductible to $1,000 or $2,500. You'll pay less
in premiums, but more importantly, you'll reduce the risk that your insurer
will cancel your coverage because you made too many claims.
• Ask your agent what documentation you need to substantiate
a claim, in case of theft or fire. I think it's easiest to videotape your
house and describe your possessions. Don't store the tape in your house.
• Carry enough liability coverage to protect you against a
lawsuit if someone gets hurt on your property.
National Insurance Consumer Hotline
800 942-4242
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