Typically, a home is the biggest investment a person will ever do and it is important to protect as well as within the same property with a good insurance policy for owners of housing.
Ensure your home can be very costly. The Insurance Information Institute / Insurance Information Institute estimates that the average premium for home insurance has increased by 6% in 2006 reaching $ 835 and is projected to reach $ 868 during 2007.
Before you decide, Better Business Bureau (BBB) recommends that you always check with the insurance agency free Reliability Report at www.bbb.org site. to make sure it has good reputation. BBB also offers the following advice to homeowners who want to buy home insurance:
Make an Inventory
Make a full inventory of its assets as well as an appraisal of your home will give you a good idea of the type of coverage you need and help you file a claim for equitable damages. Take photographs or a video of your belongings, and once you have completed the inventory store in a safe place outside your home, for example in the safe of a bank.
List your items of higher value
Perhaps a standard home insurance policy is not effective enough to cover everything or say anything as expensive art, antiques, furs or jewelry. May need to buy extra coverage for your possessions value.
Actual cash value vs. Replacement cost
An important question that must be done before you buy if you want coverage that is reimbursed for the cash value of your belongings (taking into account depreciation) or a refund if you want to buy replacement items. The last option is more expensive but will pay more if you destroy the items that were already written down as a sofa.
In addition to investigating insurance companies with BBB, you can check with family and friends before choosing a provider. You can also find information on the Internet that provides the insurance regulatory agency in your state for free.
An insurance policy usually covers damage by fire, lightning, wind and vandalism, but depending on where you live, your home may face other dangers such as flood, hurricane or earthquake – which are usually not covered. Most standard home insurance policies do not cover natural disasters, so you might consider purchasing additional coverage for the worst.
Compare at least, the budget for three different companies that are licensed in your state and make a cost comparison vs. coverage to decide for the best. It is unwise to buy a cheap insurance policy to find out later – when it most needed – that their policy does not cover what you need. Also, be sure to ask if there is a discount to add some form of security to your home such as theft or fire alarms.