If you have a mortgage on your home, you have to have homeowners insurance. You wouldn’t want to risk not having it any more than you’d risk driving without car insurance or risk not having health insurance. There are many things that you need to consider when looking for affordable insurance for your home.
You can compare homeowners insurance coverage options available to you with the online comparison tool feature of our website. Feel free to use the forms on our website to request a quote. Don’t hesitate to call us if you have questions or need clarification.
Different Policy Options
All homeowners insurance policies give you options to insure your home for all perils or limit it to named perils. While you may pay less for a named perils policy, you run the risk of not protecting yourself against many catastrophes. The cost you pay for having a cheaper policy and less coverage may wind up costing you way more when disaster strikes.
The same goes for choosing actual cash value instead of replacement cost. While your policy will be considerably cheaper if you choose actual cash value, the money the insurance company reimburses you isn’t based on the cost of replacing your home or property today.
It’s based on what you paid for things when you bought them, less the money the company subtracts for depreciation. Again, by going for cheaper coverage, you put yourself in the risky position of possibly having to pay a lot more out of your own pocket, and a catastrophe could wipe you out financially.
Be sure to ask us about bundle discounts. Many companies will give their customers discounts for buying home, auto and other insurance policies from the same company. The bundle discount may mean that all of your policies are more affordable than you thought they’d be.