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Thursday, May 17, 2012
Great Homeowners Insurance
One of the largest investments a person can ever make is the purchase of a new home. With this purchase you have to make sure your home is protected. There are so many things that can go wrong during home ownership, so it's important to make sure that your home is covered with a great homeowners insurance policy.
Your home is your greatest asset. That is why you must protect it with the best coverage you can get. Homeowners insurance is a must to have on all homes that have a mortgage and should be purchased even if you own the home, but it can be expensive. The following is general information about how homeowners insurance is rated and also how can you save money on your insurance:
Age of the home ? The older the home the more money it will cost to insure.
Square footage ? The square footage of your home is the main attribute on how your replacement cost is calculated. The bigger the home, the higher the replacement cost, the higher the homeowners insurance.
Shape of Roof ? There are two major shapes of a roof that will affect your homeowners insurance and those are Hip and Gable. A hip roof can save hundreds of dollars over having a gable roof.
Year of Roof ? Having a newer roof will help decrease the amount you pay for homeowners insurance.
Fire Hydrant/Fire Station ? If a fire hydrant isnt within 1000 ft of your home and a fire station is not within 5 miles, this attributes will raise your homeowners insurance price.
Location ? If you are located on the beach, inland, or island your rates will be a lot higher than homes located on mainland.
Upgrades ? If you have an older home upgrades to the wiring, plumbing, roof, etc. can help your rate.
Exclusions ? For homes that have a slide, trampoline, diving board, certain breeds of dogs, they can be excluded from major companies and have to be written with a much more expensive insurance company.
Looking for the right policy for your home can be a hard and long process to endure. That's why independent insurance agents exist. These agents can search multiple companies for you and compare policies and coverages to help you make an informed decision. They will outline what is in each policy and take all of the tough work out of it, so you know exactly what will be in your coverage.
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