Getting Home Insurance

Written by Lee Wyatt (last updated January 16, 2017)

Getting home insurance is both surprisingly easy, and devilishly tricky. It's easy in the sense that you can get home insurance almost as easy as tripping over your feet. The tricky part of getting home insurance lies in the fact that you don't always know if you are getting the best insurance. Often, people don't find out if it is good insurance until some crisis or emergency comes along, and by then it is way too late.

Here are a few simple guidelines that can help you not only to get home insurance, but to also determine if it is any good. Simply follow these guidelines as you look around for home insurance, and write down the information that you find down, and you will soon know what your complete options are.

  • Know your needs. Frankly put when purchasing home insurance, many people go with one of two options: too much, or too little insurance. A common example of not having enough is living in a flood plain, or flood danger area, and not having a flood damage clause in your home insurance. In addition to this, you need to know frankly what you home is worth. A home that costs $120,000 will often need a different type of home insurance than a home that costs $300,000 or more. When looking to get home insurance, make sure that you actually know what your home is worth. If necessary, get a new appraisal done prior to purchasing a policy.
  • Know your options. When getting home insurance, you need to know that there are many different options when it comes to where you get the insurance from. Each of the available companies that you purchase your home insurance from will have different associated costs. The one that you will have the most direct control over is the commission that you pay. For example, typically you will be paying somewhere between 15 to 18 percent if you go with companies like State Farm and Allstate. If you go with an independent insurance agent, you will be paying around 20 percent in commission fees.
  • Shop around. Be sure that you shop around and compare the quotes from different insurance companies. Each company will also have a different atmosphere and service ability. Get a feel for each of the companies before deciding on which you want to use.
  • Additional insurance. Often when you go through a company such as Geico, you can actually get something of a rate brake if you have more than one type of insurance with them. See if the company will offer you a deal like that, and if so what the rates will be. Typically the most common combinations of rate brakes will include two of the following: home, car, and life insurance.
  • Understand the quote. Do not go with one simply because the price sounds good. Make sure that you understand what is being covered by the quote. Many times an insurance agent will not bring up any policy exclusions. Don't be afraid to ask what the exclusions are, and if the agent won't go over them, ask why.

Author Bio

Lee Wyatt

Contributor of numerous Tips.Net articles, Lee Wyatt is quickly becoming a regular "Jack of all trades." He is currently an independent contractor specializing in writing and editing. Contact him today for all of your writing and editing needs! Click here to contact. ...


Opening a Paint Can Safely

Have you ever noticed just how dangerous it can be to open a paint can if you don't know how? Not only can you ...

Discover More

Replacing a Sink Strainer

Every sink has a vital, though often over looked piece of equipment called the sink strainer. This piece of equipment is ...

Discover More

Brushing Your Dog's Teeth

Brushing your dog's teeth doesn't have to be an expensive or traumatic ordeal. If you know what to do and this is how you ...

Discover More

Cordless, Compact, and Powerful! DeWalt's 18-volt drill-driver kit packs a big punch in a small package, with a powerful high-performance motor tucked away inside a compact design. A great addition to the tool chest of any professional or DIYer! Check out DeWalt 18-Volt Drill/Driver Kit today!

More Home Improvement Tips

Understanding Home Refinancing

Whenever the interest rates drop on home mortgages, it is only natural to think about refinancing your home loan. ...

Discover More

Lowering Your Property Tax

The property tax bill is probably one of the most hated bills that any homeowner needs to pay. Often this is because ...

Discover More

Home Improvement Financing

The largest stumbling block that many people face with home improvement projects is the financing. There are more options ...

Discover More

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] (all 7 characters, in the sequence shown) in your comment text. You’ll be prompted to upload your image when you submit the comment. Maximum image size is 6Mpixels. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is 8 - 6?

There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)