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Saturday, May 26, 2012
delaware car insurance
Purchasing a home is an exciting venture, and as a homeowner one must know the great importance and responsibilities that comes with owning a home. As a responsible homeowner purchasing a homeowners insurance policy is a top priority and is required if obtaining mortgage financing. In addition to this, homeowners need to be aware that premiums do rise every few years with some insurance companies limiting coverage in some surprising ways especially in coastal regions.
With that being said, what are some things to know as a homeowner when purchasing homeowners insurance? Well, there are a few suggestions and tips that can help in making a smart homeowner?s insurance policy purchase.
If planning to purchase a home, make sure to obtain a homeowner?s disclosure report from your real estate agent or from the agent representing the seller. This will provide a wealth of knowledge in regards to the history of the property such as if there are any structural defects, if in the past the home had water damage, etc. Issues such as these may make it impossible to obtain insurance coverage.
Maintain excellent credit. This is essential as many insurance companies today pull and view credit reports and use this as an indicator of future potential losses. Additionally, if a homeowner has excellent credit, it can help in getting better coverage at an affordable price.
Once a homebuyer is in a position to purchase a home, it is wise to pick an insurance company that is rated as one of the top insurance carriers. Consumer Reports can provide a list of insurance companies in which have high consumer ratings; this list can be obtained online.
It is also important to check the homes claims history database by the Comprehensive Loss Underwriting Exchange, or CLUE. Insurance companies track claims by address and any minor errors can raise questions on the homes insurability. Homes that have frequent claim activity, even if the claims are small may be non-renewable.
Because there are quite a few insurance companies that offer homeowners insurance, it may seem like a daunting task as to which carrier to choose. To make the task not as overwhelming, it is a good idea to go to the state?s insurance website where a list of the top insurance companies are named, as well as insurance companies in which complaints have be filed against or if any fraudulent charges have been filed against them also.
From that list narrow it down, and check each company?s individual website where information on customer service ratings, policy features, claims and billing can be obtained. Compare costs and be sure to read customer surveys which are important as this will give a true perception of the insurance company through the eyes of other consumers.
Purchasing a homeowner?s insurance policy should also be purchased by a company that is able to provide homeowner?s the funds when needed in the event of a loss whether small or catastrophic. Homeowners should do the homework and research the financial stability of the insurance company as well so that there is nothing unethical or misleading about the carrier.
Seeking the advice from other consumers through forums and blogs is another excellent suggestion. People love to share their experiences in many ways, and these individuals have done the legwork before they purchased an insurance policy so in reading their experiences then one get?s more of an idea of which insurance company is preferred over another. Once comparing all the gathered information including any first impressions, then the homebuyer will be able to pick the most perfect insurance company, one that is most suited to their needs and the needs of their home.
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