Questions to ask about home insuranceAsk yourself these questions when shopping for homeowners insurance: Comparing policiesHome What does the policy cover?______________________ Is it written as "all risk" or "named peril?" (Hint: You want "all risk" -- it means your home is insured for all causes of loss except those specifically named as exclusions.) Do you need specialty coverage to protect yourself against disasters?______________________Is loss-of-use coverage included?______________________Under what circumstances does it kick in?______________________What does it pay for?______________________How long will it pay?______________________Contents Does the policy offer cash value or replacement value for your belongings?______________________ What about big items such as jewelry, art or even computers?______________________What are your specialty items worth and how much will it cost to get them insured?______________________Liability What is the liability coverage?______________________ What is excluded from liability coverage?______________________How much coverage can you get from an umbrella policy and how much extra will it cost?______________________Claims What is involved in the claims process?______________________ How does the company pay claims?______________________How long do you have to buy replacements?______________________If you decide not to replace the item at all, how will you be reimbursed?______________________View worksheet archive advertisementRelated Links:6 questions to ask a health advocate6 questions to ask about title insuranceInsuring your vacant homeRelated Articles:Saving on auto insurance6 road-trip questionsPay-as-you-drive insurance
Questions to ask about home insurance
Comparing policies
Home What does the policy cover?______________________
Do you need specialty coverage to protect yourself against disasters?______________________
Is loss-of-use coverage included?______________________
Contents Does the policy offer cash value or replacement value for your belongings?______________________
What about big items such as jewelry, art or even computers?______________________
Liability What is the liability coverage?______________________
What is excluded from liability coverage?______________________
How much coverage can you get from an umbrella policy and how much extra will it cost?______________________
Claims What is involved in the claims process?______________________