Although home owners insurance isn’t usually required, unless you’ve borrowed money from a lender to pay for your home, many people make the wise decision to purchase home owners insurance. If you’re one of those people – congratulations! Making the decision to purchase home owners insurance is the first step to making sure your home and its contents are protected against unexpected disasters. Plus, you’ll be covered should you, or anyone who visits, becomes injured in your home or on your property.
Making the decision to purchase home owners insurance is just the first step – now you must choose the right insurance company from which to purchase your home owners insurance.
Choosing a home owners insurance company isn’t really different from choosing any other insurance company. Sometimes, you may even be able to get a home owners insurance policy with the same insurance company from which you have purchased your other insurance policies. If, however, you choose to purchase your home owners insurance from another insurance company, there are a few things to which you should pay attention during your search.
Check with your state insurance department to make sure the home owners insurance companies you’re considering are licensed to do business in your state. Your state insurance department will also be able to tell you what the going rates are for home owners insurance in your state.
Do some research by reading up on the financial solidity of the homes owners insurance companies you’re considering. You want to choose one with a good reputation and that has been around for a while. Independent rating agencies can help you with this research – they’re results aren’t biased.
Lastly, make sure you feel good about choosing the home owners insurance company. Pay attention to the customer service and the way your questions are answered. Trust your gut instinct – how they handle your account now is how they will handle it in the future.