Questions to ask about home insuranceAsk yourself these questions when shopping for homeowners insurance: Check out the company
What is the insurance company's reputation?______________________Check with your state insurance department to make sure the company is licensed in your state and see if they keep a record of complaints. Or go to the NAIC Consumer Information Source Web site.What is the company's complaint ratio?______________________What is its financial rating?______________________Go to www.ambest.com to see how they rank.Discounts
Are any discounts offered?______________________For instance, customers carrying homeowners and auto insurance from the same company will often receive a break on premiums. Other premium offsets could include:Fire, smoke and burglar alarms.Being claim-free for a certain number of years.Some automatic sprinkler systems qualify for discounts.How much coverage do you need?
How much is your house worth?______________________Have you done renovations that have increased its value?______________________What are home values in your area as well as construction costs?______________________Do you live in a high-risk area where rebuilding costs could skyrocket?______________________ advertisementConsider getting extra coverage as an endorsement to your replacement-cost coverage to fill in the gap in the event of a worst-case scenario (think Hurricane Andrew or Hurricane Katrina).
Questions to ask about home insurance
Check out the company
What is the insurance company's reputation?______________________
What is the company's complaint ratio?______________________
What is its financial rating?______________________
Are any discounts offered?______________________
How much coverage do you need?
How much is your house worth?______________________
Have you done renovations that have increased its value?______________________
What are home values in your area as well as construction costs?______________________
Do you live in a high-risk area where rebuilding costs could skyrocket?______________________