You are here: Home Insurance Homeowners/Renters ... How To Buy ... Summary
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

How To Buy Homeowners Insurance

Summary

Next »

1/2

With additional expenses for medical care, and the possibility of lost income, it makes even more sense to protect yourself from losses as inexpensively as possible. This involves the following steps:

Step 1:Determine how much insurance you need.

  • Consider both the fair market value of your home and contents, and the replacement value.
  • You can get an idea about the fair market value of your home from a real estate broker, or web sites such as www.Zillow.com offsite link
  • Local experts can give you an idea of the value of your contents. Also consider looking on line at such websites as www.eBay.com offsite link

Step 2:Think about various methods for saving money on a Homeowners insurance policy. For information, click here.

Step 3: Comparison shop. To learn how,click here.

Make notes about what the insurance broker or company tell you concerning the coverage you buy.  Keep the notes together with any promotional material you are given. 

Don't assume coverage exists until you get a copy of the policy or at least written confirmation from the insurance company that the coverage exists.  A cancelled check does not prove that a policy exists.

NOTE: According to Consumer Reports (October, 2012), Amica and USAA consistently rank as the top two insurers for homeowners insurance in their readers' survey.


Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.