Home insurance goes beyond being there for you in case of a fire or other disaster. It’s actually a pretty powerful tool for homeowners. That’s why it is important for every homeowner to look at their options and make sure their home is protected—inside and out—with a good home insurance plan. West Suburban Insurance will work with our top-rated carrier network to help you find the right home insurance plan based on your needs and budget. We’ll walk you through all the options and help you see there’s so much more to it than simply fulfilling a bank loan requirement. There are many ways it can help you save thousands of dollars in repairs. For more information on home financing, general mortgage information, building and remodeling homes try: Best Rate, Mortgage Source, FEMA
What home insurance options are there?
A standard home insurance policy covers four key areas—the physical structure, your personal belongings, temporary living expenses and liability protection. Of course, there are minimum requirements that all home insurance policies must have. For example, liability protection is automatically included in your policy, but you do have some flexibility on exactly what you insure and how much your policy will cover.
Standard homeowners insurance policies do not cover flooding. Flood insurance must be purchased separately. You can also add additional coverages, like insuring jewelry or protecting yourself from some big ticket repairs with an equipment breakdown add-on.
How do I bring my premiums down?
There are a lot of ways to save money on your home insurance. Typically, if you insure both home and auto with the same insurance carriers, you’ll save quite a few dollars. There are also discounts for seniors, those that have a newly constructed home, homes with new roofs, security systems, and more depending on the policy selected.
Am I required to do a home inventory with my policy?
While it isn’t required, having a current home inventory in your file will go a long way in helping move a claim along. Fortunately there are some great apps you can download to your smart phone that will help you organize your listings. Two of our favorites are Know Your Stuff® and MyHOME Scr.APP.book. Both are free and available on iPhone and Android. If you prefer to make a paper copy of your home inventory and/or photos, be sure to keep a copy outside of your home, as well, where you can get it in case of a catastrophic loss.