And No, I Am Not An Insurance Agent Myself

Category: Finance, Insurance.

Are you like me- do you love talking about insurance? So let s talk home insurance, and what you need to know when you get a home insurance quote.

Well, who doesn t really? Do you own a home? You are not required by law to have insurance on your dwelling, but if you carry a mortgage, your lender will most likely require it. Do you plan to? If you don t have or need a mortgage( please, tell me how, please you did that! Gather up your information and get a reliable home insurance quote.

I am but a poor scribe) , it remains a wise decision to protect your investment with insurance. How do I go about getting a home insurance quote? No, that is not an oxymoron. For those of you who have read my other delightful yet poignant insurance articles, you know that I always recommend using a reputable insurance agent. And no, I am not an insurance agent myself. Or plumbing work, a plumber?

When you need electrical work, do you not call an electrician? When you want to know the ins and outs of riders, and umbrellas, floaters, call a pro. So once I find one of these" shady" insurance agents, what should I tell him? Get a professional home insurance quote from someone who can meet with you, and address your specific needs. Now stop it! But here are some issues that you might want to discuss with your agent as he prepares your home insurance quote: Coverage for the structure of your home. They re not all shady.

Coverage for your personal belongings. Additional living expenses in the event you are temporarily unable to live in your home because of a fire or other insured disaster( e. g. rivers of blood, plagues of frogs) . Liability protection. Most people are aware of the first issue- watching the news, we see homes destroyed by things like hurricanes or earthquakes and realize we need to insure the structure itself- but what about the other three? This should be insured as well. If you live in a home, odds are pretty good that you also own" stuff" that you keep inside your house. Many companies will cover your personal belongings for 50% -70% of the amount of your policy.

If you have more expensive stuff, Monet, like a Renoir, or Grandpa s gold teeth, you may want to purchase a floater to cover the difference. This means if you have$ 100, 000 worth of insurance on the structure of your home, you would have between$ 50, 000 to$ 70, 000 worth of coverage for your belongings. What do I need liability protection for? Well, it could appear thus, but remember- insurance is protection against the unforeseen. Isn t this just another scam so my agent can produce a larger home insurance quote, and get a bigger commission? Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people( I didn t mean to shoot Joey with that BB gun, Dad) , and the liability portion of your policy pays for both the cost of defending you in court and any court awards- up to the limit of your policy, of course.

In the event a friend or neighbor is injured in your home, he or she can simply submit medical bills to your insurance company. Your policy also provides no- fault medical coverage. Okay, and the additional, okay living expenses? What if a twister takes it to the Merry Old Land of Oz? Well, what if your house is gone? Where are you going to live?

It covers hotel bills, restaurant meals and other living expenses incurred while your home is being rebuilt. This part of your coverage pays the additional costs of living away from home, if you can t live there due to damage from a fire, storm or other insured disaster. Although coverage can vary, and will depend upon the home insurance quote you received, many policies provide coverage for about 20% of the insurance on your house. Make sure your home insurance quote details this for you. You can increase this coverage, for an additional, as well premium. Anything else I need to know before I get my home insurance quote? But I can t address it all in this article.

There s tons of stuff. However, consider these things as well when your agent gets your home insurance quote for you( you do now have and agent, don t you? ): -What type of home insurance quote do I need for a co- op or condo? -What types of disasters are covered? -What s the difference between cancellation and nonrenewal? -How can I save money? -What information do I need to provide to my agent so he can provide me with an accurate home insurance quote? -What if I can t get coverage? -How often should I review my policy? See, now. wasn t that fun? Your agent can help you with these and other questions as he prepares your home insurance quote for you.

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