Homeowners and Renters need Insurance Coverage for their Belongings
As a home owner, and sometimes even as a renter, it’s important that you get coverage to protect your home and the contents therein, which is why online homeowners insurance quotes are a necessary part of pre-move work. I don’t think there is a single mainstream home lender that allows someone to buy and move into a home without protecting the asset using homeowners insurance, and there are very few landlords that can legally rent a home without having coverage of some sort. Also, renters might need a form of homeowners insurance, also called renters insurance, to protect their household goods.
Getting online homeowners insurance quotes is very simple, especially in today’s world of online brokers and web applications. Essentially, it’s as easy as searching Google and finding a company’s quote application. Of course, many of the large insurance companies offer online homeowners insurance quotes, and even those that don’t can do it rather quickly over the phone. The only exception to that is a local office, which might not have the facilities to support an online quote application.
When you go online for your quote, you’ll get asked a variety of questions, such as where you are buying a home, how much home you will need to cover, how much your household goods are worth, and potentially, the type of construction your home is. Additionally, you might need to know what type of heating and cooling systems your potential home uses. This helps insurance companies better estimate repair and rebuilding costs should something happen to the home.
When you get online homeowners insurance quotes, it is important that you be as specific and accurate as possible so that you can get a reasonable estimate. When entering the value of your household goods, don’t forget things like appliances, jewelry, electronics, tools, and furniture. It’s better to get more coverage than you need than to get too little, especially if you live in an area prone to floods, fires, and/or hurricanes. The last thing you need is to lose both your home and everything in it, without getting reimbursed to replace them.
Be careful when getting online homeowners insurance quotes, as many lower rate companies will try to bait and switch you into higher rates than they show online. These companies will “calculate” a low rate for you, but when you go to activate the policy they add additional premiums, which in the long run, makes the policy more expensive than traditional insurance companies offer. The good news is that most homeowners can find homeowners insurance for around $80-$100 per $100,000 of home value. This might change depending on whether or not you live in a high-risk area, such as Texas near the coast, where many homeowners also have to purchase additional riders for hurricane coverage.
Getting online homeowners insurance quotes is a necessary part of buying a home, but thankfully it is extremely easy, hassle free, and simple process that can get you from zero to full coverage in just a few hours.