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HOME INSURANCE

How to buy Homeowners Insurance

Homeowners insurance is a package policy consisting of different types of coverage for the house, its contents, additional living expenses, personal liability claims against the policyholder and other members of the household, and medical payments to others. The policyholder pays a single premium amount for the combination of these coverages.

When you purchase insurance, it is important to remember to shop for insurance in the same way that you shop for any other consumer product. Make sure to compare prices, features, and reputation. Also, donít ask for "the best coverage." Someone may give you what they think you need, rather than what you actually need. It is always wise to compare coverages on your own to determine the best product for you.

Always try to plan ahead when you need to purchase insurance. Donít make such an important decision on the spot. Remember, this is your home, not the insurance agentís or lenderís. You should take the lead in deciding what sort of insurance to buy and how much of it you need.

Not All Insurance Companies Charge the Same Price

Under California law, each insurance company calculates its own rates, subject to California Department of Insurance (CDI) approval. Since each companyís loss experience differs, the rates will differ as well. Therefore, it is wise to shop for the best price and coverage available in relation to your insurance needs. The CDI is pleased to offer online premium comparisons that cover over 90% of Californiaís homeowners insurance market.

Discounts

Many companies offer discounts for burglar alarms and fire protection devices such as smoke detectors, alarms, and sprinklers. Ask about the discounts available through the companies you are considering.

Insurance Info:

Auto Insurance - What's covered? Auto Insurance Terms
Auto Insurance Tips

Home Insurance - What's covered?
Home Policy Limits
Home replacement
Homeowners Insurance Terms
Condo Insurance