Tag Archives: Insurance

House Insurance Comparison: Overview of Factors That Affect Rates & How You Can Choose a Policy

As with any type of insurance, you are probably interested in getting the best possible deal on home insurance. Thankfully, there are tools that make it possible to not only search for policies, but to do house insurance comparison with multiple quotes to find the best one for you.

For some homeowners, price matters more than anything. This should not be the case, though, since overall value is more important than cheap rates. Consider both the premiums and deductibles. Think about the rebuilding costs of your home. How much will it cost to literally replace everything is your home and property is utterly destroyed? The current value of your home and the rebuilding price will not be the same. Try to estimate how much you will be able to afford to pay in deductibles in the worst case scenario and keep that in mind when doing house insurance comparison.

Here are some of the factors that affect the insurance quotes you will get:

• Home’s type of construction and age

• Location

• Credit score

• Deductible

• Certain risk factors (swimming pool, trampoline, aggressive dog breeds, etc… )

• Claims history

• Roofing material

• The yard / property / landscape

Older homes have a higher chance of something going wrong regarding the electric wiring, plumbing, HVAC systems, ceiling, and construction in general.

House Insurance Comparison of Coverage Types

There are certain things that general home insurance policies don’t cover. Make sure you know exactly what is covered and what isn’t before you make your choice. Sometimes it is the matter of gaps in the coverage, where the policy owner thought they were protected but either had incorrect or insufficient coverage. Such issues can be avoided by carefully reading over the terms of each quote you are provided with.

Flood insurance, for instance, isn’t always covered in basic policies. If you live in an older home and have concerns about plumbing, or live near a body of water, this is something you will definitely want to think about. All it takes is a few inches of water to utterly destroy your flooring and some of your furniture. Even a small stream can become a raging river if there is enough rain.

Discounts are sometimes available, especially if you install safety and security equipment.

Where can you get started with house insurance comparison? All you have to do is look into the unique insurance platform set up by Lemonade. It even has a neat AI bot that will help craft the perfect insurance for you. Get affordable, reasonable rates – especially if you use Lemonade House Insurance discounts.

House Insurance Deals Tips: 5 Things to Do In Order to Find Good, Affordable Home Insurance

Are you looking for more affordable home insurance? It’s really not as difficult as you might think to get house insurance deals. There are many companies out there, and it’s all a matter of finding the one that offers the best solution to fit your personal needs. With a bit of planning and forethought, you should be able to find an affordable solution.

Here are a few tips to help you get started:

1. Review your current policy. Take the time to review it at least once a year. You never know what kinds of changes can take place over the course of several months. For instance, the value of the home might have changed, for the better or worse. You might have more valuable contents inside the home, or maybe your yard was torn up by extreme weather. It’s important to check and see if these changes affect your policy to the point where you might want to consider getting a new one.

2. If you think you need a new policy, then compare quotes from multiple companies. It’s essential to shop around for the best policy for your needs. Don’t necessarily go with the cheapest rate since it might have hidden fees, and you might end up having to pay more money in the long run.

More Tips for House Insurance Deals

3. Do research on each and every company that offers house insurance deals. Which ones have high ratings with the Better Business Bureau? If there are any complaints, have they been resolved? Longevity is also important. It’s a good idea to go with a home insurance company that has been in business for many years – the longer, the better.

4. What are others saying about a particular company’s claims processing? Are a lot of users listing “fast and easy claims processing” as a pro in their reviews? Are there different options available, such as filing a claim online or via app? How fast does the company process the claims? You’ll obviously want to avoid any organization

5. Try your best to maintain a good credit score. Your credit score is an important factor in determining what kind of quotes and rates you are going to get. It will be difficult to get house insurance deals if you have poor credit. If your score is low, do whatever necessary to make improvements.

Which home insurance company should you consider? One place to begin your search for house insurance deals is with Lemonade. Most Lemonade Insurance reviews are extremely positive, and the company has transparent policies and fast claims processing.

House and Home Insurance: A Guide to Evaluating the Worth of Your Home and Belongings

You know that you have to get home insurance of some kind to protect your dwelling, but there are so many options that you might feel overwhelmed. It’s important to determine just how much insurance you’ll need to adequately protect your home, property, and contents. Don’t forget about the items inside your home, either. Some basic insurance policies only include coverage for the property itself. It’s ideal that you search for house and home insurance that covers everything, including walls, furniture, appliances, carpet, jewelry, electronics, and so forth.

At the minimum, make sure you get insurance that covers the property itself, contents, legal liability should anyone become injured on the property, and loss of use so that you’ll be able to pay for temporary housing while the house gets repaired. If you want money for the actual REPAIRS, you’ll need additional coverage such as flood, fire, windstorm, and so forth. Depending on where you live, flood and hurricane insurance might be required anyway.

Think about how much it will cost to rebuild the home, and how much money you’ll need to replace all of the belongings that you lost. House and home insurance is designed to help you plan for the absolute worst, whatever it may be. Don’t just simply consider the cost of rebuilding, there are going to be market fluctuations to consider as well. Plus, the value of many of your belongings is likely to go down over the years. If you’ve done any remodeling or added new features, that will affect the overall value of the home.

House and Home Insurance for Worst-Case Scenario

How much will it cost to rebuild and replace in a worst-case-scenario? This is something you might want to work with an agent with, as well as the contractors who helped with the renovation.

Is a broader policy right for you or do you want specific add-ons? Is there anything you want to exclude? If you live in an area that experiences freezing cold temperatures during winter months, you might want to consider a policy that includes protection against freezing pipes. If you live down in a valley and could potentially lose your home to mudslides, or have room damage from falling rocks, consider a policy that includes protection from falling objects.

As for the contents of the home itself, go around room to room taking inventory. In addition to approximating the costs of valuables such as jewelry and electronics, you should also remember to include furniture, goods, appliances, wall art, and so forth.

Start looking into plans offered by companies such as Lemonade. With its helpful tools such as an artificial intelligence bot, you can get an estimate for house and home insurance in just 90 seconds. Lemonade discounts are among the best in the industry, and the company is very transparent.

House Insurance Online Guide: 5 Mistakes You MUST Avoid When Buying Home Insurance

Home insurance is something that most people require. While it is very easy to search for house insurance online, it’s not as easy to actually select a policy. There are plenty of mistakes that people make when selecting coverage. Just one mistake can cost you dearly.

Since it’s probably one of – if not THE – most valuable asset you own, it’s essential that you buy the correct type of insurance for your house.

Here are some huge mistakes you’ll want to avoid when purchasing house insurance online:

Mistake #1: Underinsuring your home

Many people go with the lowest price thinking they will save money every month. They buy only enough insurance to cover the mortgage, or only insure the house for its real estate value, in the gamble that the house won’t burn to the ground or get flooded out.

But that shouldn’t be a gamble you take. What you should do is buy enough coverage so that you will easily be able to rebuild the home. Building a house usually costs more than what it is worth – especially considering the increase in construction prices.

Mistake #2: Not buying contents insurance

Don’t forget about the actual contents INSIDE the home when shopping around for house insurance. Make sure the policy includes your personal belongings. What are you going to do if your favorite, expensive piece of jewelry is stolen? Or all of the furniture, floors, and appliances on the first floor and basement are destroyed in a flood?

Mistake #3: Overestimating your amount of coverage

Don’t just assume that because the monthly payment is high that it covers everything. You must know all of the details of the policy. You could end up filing a claim for nothing. Before making any agreements with an insurance company, make sure you understand what is covered, what is not covered, when you will be allowed to make a claim, and for how much.

Mistake #4: Not setting your deductible correctly

Another common mistake many people make when buying house insurance online is setting their deductible either too low or too high. With too high of a deductible, you could end up with large premium payments. With it too low, you will wind up paying more out of the pocket when something goes wrong.

Mistake #5: Ignoring certain types of weather coverage

Whether you live at a high elevation and don’t think you’ll need flood coverage, or live outside of an area prone to earthquakes and don’t think you’ll need earthquake coverage, you are mistaken. Anything can cause a flood, including a plumbing disaster. Even if it’s not your entire property, you’ll still have some damages to worry about. As for an earthquake, there are states other than California, HI, and Alaska to worry about. There are Faults in other parts of North America as well.

Keep these factors in mind when searching for house insurance online. The best place to start is with Lemonade. It offers a variety of affordable policies for homeowners and renters, and even covers contents. If you’re lucky, you might even be able to find Lemoande sales and coupon offers.