How To Buy Homeowners Insurance

By rerockstar • March 28th, 2009

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

video courtesy of Howcast.com

Somethings I’ve learned about Homeowners Insurance from personal experience.

Definitely do as the video suggests and check your premiums annually. Don’t just stick with one insurer because it’s convenient. My wife and I just saved $300 annually by switching policies and wound up with better coverage as well.
If you belong to any trade organizations, see if there are any discounts through insurance carriers for being a member. We have received discounts for being members of the AFM and AGC.
If you own any jewelry, make sure you speak with the insurer about getting it covered. My wife and I were burglarized last summer and we lost a lot of valuable jewelry. We received nothing for it, because we had never thought about making sure it was insured. No amount of begging and pleading (or receipts) will convince your insurer that they should reimburse the value of these items.
Get to know your insurance agent. Most of us never think of them until we need them. By maintaining a relationship with them you will probably be top of mind with them when they hear about new insurance products or ways to save you money. Insurance agents are much like real estate agents – we love repeat business.
As your home appreciates in value over time or you add new items to the house, make sure you review your insurance needs. If you bought a house and insured a house for $100,000 and many years later it is destroyed in a fire, you don’t won’t to realize that the insurance payout won’t even cover the cost to buy a new home in your neighborhood because of the appreciation in home values that has occurred.

If you’re ever looking for a great insurance agent in San Antonio, TX, just give me a call, I’d be glad to provide you with some referrals to people I have worked with.