Wednesday, February 11, 2009

Choosing Homeowners Insurance Wisely

blogged by: Thomas Gillick

There are many aspects to buying a home but one that could be overlooked and is crucially important is homeowners insurance. Some people believe that the amount of money they pay is not worth what they are receiving. The thing is many homeowners are not very clear on their coverage. More than half the homes in the U.S. are under insured by 22%. Also many homeowners are not insured if there is a sewage leek or a flood. Imagine having homeowners insurance and your basement gets flooded and you thought you were insured but when looking closely at your policy you realize that you are not and the replacement purchase is going to come out of your wallet. These liability overages are not very expensive in most cases very inexpensive its just you must choose your coverage very carefully and asses the risk of your home. Also if something gets stolen can you prove you owned it? It is very important to do an inventory of your home in case of a theft. After all this the main goal is to find a good insurance company, one that you can trust. It is a good idea to shop with care and pay attention to the competition while your under a policy. Also it is important too look for ways to save on homeowners’ insurance, example: buying car insurance form the same company. All in all homeowners insurance is a very big deal and when choosing coverage pay close attention on how to insure your belongings at the best rate.


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