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| Tips on how to determine what kind of insurance plan and insurance
company is the right for you and your home. |
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Compare different quotes In your area. Before jumping in and accepting the
first quote that comes along, it is best to call a few different insurance companies and see which coverage plan is right for you.
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Ask the company if they offer special discounts. Depending on the company,
you may find discounts ranging from fire resistant, security discounts, to senior
citizen or dual insurance discounts. What is a dual insurance discount? |
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Make sure that you are fully covered. If you live in a high risk area for any
particular perils such as flooding, hurricane or earthquake, it is best to find out
if the insurance company you are dealing with, includes these in their quote. |
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It is most important to find a Homeowners insurance company that is reliable,
has a reputable name and has been in business for a long time. This may mean
asking friends or family members who are current homeowners who they use
for their home insurance, or even searching ratings for the best Homeowners
insurance companies. |
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Remember that they will have a large portion of your financial investment and
the possessions inside in their hands, so it is important that you feel confident
in the policy and company you select. |
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| What you should always remember about Home Insurance Companies |
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that in a similar fashion as creditors looking at your previous credit history,
insurance agents will be looking at your credit history as well as your past
insurance history. For those who may have a high car insurance crash history
or for those who have a bad credit history, this could mean higher premiums
in the long run. |
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Insurance companies are taking a gamble on you and although they assume
that they may have to help replace something in your home along the way,
if you are already a "high risk" client, this means you will have to pay for
those risks because it is more likely their services will be needed sooner
than later. |
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Most basic Homeowners insurance policies will cover the house for a total
replacement cost as well as the possessions of the home for a total
replacement cost. Because of this, insurance agents will be asking in depth
questions about the home you are about to purchase such as square footage,
the age of appliances, the air conditioning and heating units, the age of the
plumbing and electrical system, and even the style of flooring, countertops
and cabinets. |
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Although you might want to try and save money by stretching the truth
about the age of the plumbing system or the style of the countertops,
remember that you will only receive the replacement costs for what you have
told the insurance company, so it is important to be as accurate and truthful
as possible. |
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The same can be said for special possessions like computer equipment and
jewelry or furs. Often times a separate policy or a clause in the policy is
needed to insure any special possessions for their full replacement cost, so
be sure to ask the insurance company about these items. |
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