Compare Homeowners Insurance Rates

Compare Homeowners Insurance Rates

When you buy a home, homeowner’s insurance is a must. Lenders require you to have proof of homeowner’s insurance before they will agree to provide you with a mortgage. Homeowner’s insurance also provides you with peace of mind in case of a fire, burglary or other type of catastrophic event. Before you select a policy, it is important to compare homeowners insurance rates. One of the best ways to do a comparison is with an independent agent who works for you, not the insurance companies.

How to Compare Homeowners Insurance Rates

To compare homeowners insurance rates, you will need to have some basic information ready. You will need to provide your home’s zip code, square footage, number of bedrooms and bathrooms and its construction materials, such as brick or stucco. You will also need to know how far it is from the nearest fire hydrant, whether it has a chimney, if it has live knob-and-tube wiring and what type of a roof it has. Consider the items that will be in the home. High-end electronics, antique furniture, pricey jewelry or special collections of memorabilia may require additional insurance coverage. Once you have those details, you should contact an insurance agent. The easiest way to compare insurance rates is with an independent agent. The agent has access to multiple companies and can provide you with quotes from several of them.

What Homeowners Insurance Rates Include

When you compare homeowners insurance rates, it is important to look at more than just the monthly premium. You should also review the coverage types, claims submission process and deductible. The premium with the lowest rate might also have the lowest coverage and the highest deductible. Consider what you can afford both on a monthly basis for paying the premium and how much you could pay for the deductible in case you file a claim.

Benefits of Working With an Independent Agent

There are many benefits to working with a local Frisco TX independent agent. Because this type of agent is not affiliated with a single insurance company, the quotes and information you receive will not be biased. He / she will be able to help you compare between different quotes. If you have any questions about the premiums, deductible or coverage level, the agent can explain the differences to you. The agent can also let you know if fire or flood insurance riders are needed based on the home’s geographic location.  To find out more, click here.