November 23, 2007

Home Insurance - Is Your Policy Structurally Sound?

Think how long you've been with your current insurance company. The chances are that if you have been with one insurer for more than five years, you can probably get a better deal. New companies are opening up all the time, each offering a competitive rate compared to the ones before it.

If you decide to review your home insurance, first thing to do is check your current level of cover. The main points to look at are:

  • Type of cover - Building, contents, or both.
  • Amount of cover - How much have you secured your possessions for?
  • Recent purchases - Have you bought anything expensive recently?
  • Changes in your surroundings - Any recent spates of burglaries nearby could affect your premium.
  • Renovations - if you make any major changes to your property it could invalidate a claim.

Let's tackle these one by one.

Type and amount of Cover

Buildings insurance covers the actual property itself - walls, floors, ceilings, windows, doors. Usually you will be protected against fire, flood, storm damage and vandalism - if you are not sure, double-check with your insurer. Some policies also cover accidental damage too, in case dad's feet appear through the ceiling while he's insulating the loft! Again, check with your insurer to see if this is included.

Contents insurance does what it says on the tin - it insures all possessions contained within your house, including carpets, curtains and other soft furnishings. This can vary depending on the size of your home, the amount of possessions you have, the value of them, and where you live. Most policies will cover goods up to the value of £50,000. Note that kitchen cabinets are generally classed as coming under contents cover, as are carpets and laminate flooring.

Some companies will ask you to submit a list of the contents you want to be insured, and if you get an old-for-new policy, your damaged goods will be replaced by a new equivalent at a similar market value. Handy if your washing machine breaks down.

Certain items, such as valuable pieces of jewellery, may require a separate policy. You should check with the insurance if this is the case.

When valuing your items for contents insurance, it is vital that you mark the replacement value, not the amount you originally paid for them. This way, you can be sure of replacing your items.

Recent purchases

Any valuable items you have purchased since taking out your policy may not be covered, so contact your provider to add them to the contents cover.

Changes in your surroundings

If there have been a run of burglaries in your area recently, you may find your renewal premium has shot up. Some companies quote more than others for homes in high risk areas. If you feel your neighbourhood has 'gone downhill' it's worth seeing if you can find cheap home insurance elsewhere. Likewise, after the floods earlier this year, many premiums have gone up in the areas most affected, so if this includes you, have your hous insurance reviewed to see if a different company can offer you a better deal.


Not many people know this, but if you make any structural changes to your home - such as knocking a wall down or building a conservatory - it can invalidate your premium. If you're planning on making any changes like this, inform your insurance company first to make sure you'll still be covered while work is being carried out.

If you find you're not as well covered as you thought, try switching your home insurance provider to one with a level of cover more suited to your needs.

November 17, 2007

How to Compare Low Cost Homeowner's Insurance in Mississippi

Almost every homeowner in Mississippi is serious about wanting to protect their home, which is also their biggest investment and their most valuable asset. And the very best way of protecting that asset is by purchasing homeowner's insurance.

However, paying more for the same protection doesn't make your home any more secure. In other words, while everyone wants to protect their home, no one wants or needs to pay even a penny more for their homeowner's insurance than they absolutely have to.

The good new is that that are several things that most homeowner's can do that will reduce the cost they pay for their insurance each month without altering their coverage in the slightest.

For example, simply letting your agent know that you have done some routine outside maintenance can lower the cost of your insurance. Fill in pot holes and replace any broken, buckled or uneven concrete. Repair any lose floorboards on porches or decks and make sure all railings are tight and secure. These actions make your property less susceptible to injury-related lawsuits and should lower the cost of your insurance.

Paying your premiums yearly rather than monthly will save you money. If you can't afford to do that then making automatic monthly payments from your bank account will also save you money.

Do you know what the most common claim is that homeowners file against their insurance company? It's for broken water pipes that flood their home. Talk to your agent and see how much you could save each and every month if you were to make a one-time investment in upgrading your plumbing system.

Making your home less appealing to criminals can also save you money every month. Add deadbolt locks to every single outside door and make sure all windows have a working lock. Next trim back bushes away from all windows and finally install motion-sensitive floodlights.

Purchasing a fully-monitored 24/7 home security system can add a great deal of peace of mind to your entire family. Such a system can also save you a cool 20% or more each and every month on the cost of your homeowner's insurance. Your insurance agent will have a list of systems that qualify for the highest discount.

Also, if you run a business out of your home then a portion of your home security system could be tax deductible, saving you even more!

Make sure you have a kitchen-approved fire extinguisher in your kitchen.

Also make sure that you have all of the necessary smoke, fire and carbon monoxide detectors installed in your home and they each have a fresh battery. Change batteries twice yearly.

Increase your deductible to the highest level that you can comfortably afford. The higher your deductible the lower your monthly insurance bill.

If someone 55 years old or older and who is retired is living in your home, let your agent know as this can also lower your cost of insurance.

Buy your homeowner's insurance online. Doing so will save you money. If you're serious about saving the most possible then you will fill out the forms on 3 different homeowner's insurance price comparison sites rather than relying on just 1 site.

You will also be careful to enter the same answers to the questions on all 3 sites. In this way you will be comparing the same insurance policy across all 3 sites and you will save the most money possible.

The final step is for you to decide which insurance companies you feel comfortable will still be around when you need them - and then just choose the best-priced policy from those companies you feel confident about.

November 12, 2007

A Specialist Broker Can Help You To Secure Low Cost Home Insurance But You Can Reduce The Cost Too

When it comes to finding the best deal and low cost home insurance then a specialist broker can search around on your behalf and find you the best deal possible, however there are some factors that you have to take into account and these can determine how much you pay for the cover by lowering the costs.

Home insurance the same as any other type of insurance is based on risk, in the case of home insurance the risks are theft of the contents of your home, damage by fire, flood e.t.c and there are ways that you can lower the risk, while you cannot do much to sway the weather and the unexpected can happen when it comes to making your home safer and protecting it against theft.

When it comes to bringing the cost down on your insurance you can reduce the cost by installing top quality burglar alarms, having security locks fixed on windows and on doors and by having smoke alarms fitted. Other tips include having fencing around your home and having good lightening around your property. While all of these can help you to make savings on the cost of the insurance the best way to make the best savings is to go with an online specialist for low cost insurance quotes, a broker who specialises in home insurance will be able to search the whole of the marketplace in the UK which means you get the best deal possible.

While the specialist broker can save you money and get the best possible deal you do have to make sure that you are not under insured, it is essential that you take enough cover and do not be tempted to skimp. In order to determine how much cover you need especially when it comes to taking out home contents cover, it can be surprising how much some of the smaller items in your home can add up to when all taken into account. It can be easy to forget about the clothes in the wardrobe and for instance utensils and such in the kitchen cabinets, all of these items need taking into account and adding up. You should also take into account whether there are any items which are of particular value as these might need extra insurance taking out on them.

Taking out low cost home insurance should be taken out as the recent unpredictable floods and tornadoes in some parts of the UK have proved. When extreme weather struck, sadly many homeowners found that they were not covered by their home insurance and in some cases the cost of repairs to the shell and structure of homes and lost belongings due to flood damage ran into thousands of pounds. Luckily others were insured and had no problem in claiming on their insurance, although this has added to the rise in cost of insurance a specialist broker is still able to find you the cheapest premiums for adequate cover.

November 11, 2007

Nevada Home Insurance - When To Be Loyal, When Not To

1. Nevada Home Insurance: Discounts are usually given to policy holders who remain with an insurance company for three years and above. The longer the time you remain with an insurer, the more the concession.

But do bear in mind that the rebate you get for remaining with the same insurance company could become insignificant if you compare it with what you could save by switching. Discovering which serves you best is quite easy. You can find out for sure by getting quotes from as many insurance companies as you can and then compare savings you'll get if you go to another insurer with what your current insurer gives as loyalty discount.

2. Nevada Home Insurance: If it makes sense, buy more than one policy from the same insurer. Expect discounts anywhere from 5% to 15% if you choose to purchase multiple policies from the same insurance company.

The multi-policy discount you get could be far less than what you'll get by buying from different insurers. You can only know by getting quotes from various insurers for your policies and then comparing what you'll save by buying from separate insurers with what you'll be given as multi-policy discounts.

Nevada Home Insurance: You can bring down your home insurance costs by asking for and comparing quotes from five or more good insurance quotes sites.

Don't make the mistake of assuming that getting quotes from just one quotes site is enough. Although you may be lucky and get great rates by just visiting one quotes site, you'll better your chances by getting from many quotes sites. There are hundreds of insurance companies but the typical quotes site only returns quotes from five or so insurance per request.

November 10, 2007

Cheap Holiday Home Insurance - Your Location And Your Rates

1. Cheap holiday home insurance: Folks who buy homes in towns that have full-time fire service pay lower premium than people who reside in towns with just a volunteer fire service. Furthermore, the nearness of your house to a fire station or hydrant will affect your homeowners insurance rate. If your home is closer to such facilities, you'll pay lower rates.

2. Don't buy a house in a neighborhood that has a high crime rate. Insurance companies consider homes in such places as high risks and high rates are the unavoidable result. Two homes just a street away from each other could fall into different risk zones on insurers' map. You can call up an agent or insurance office and ask. A home could be on the borders of crime districts and therefore result in adjacent streets being counted to different zones as far as crime rate is concerned.

3. Cheap holiday home insurance: You will save more if you buy a house as close as you can to a police station. If you reside very close to a police station you would have a lower risk of burglary, for instance, and you get more affordable premiums if you're a lower risk.

4. This is important even though it's not part of a homeowners policy. You'd have to buy flood insurance at up to $400 every year if you have a house in a flood-prone location. Every mortgagor will expect that you buy it if your home is in a flood-prone locality. You will such unnecessary expense by go for a house in a place that isn't prone to such.

Cheap holiday home insurance: You can see savings of hundreds of dollars on your holiday home insurance policy by obtaining insurance quotes from insurance quotes sites. The best method is to visit not less than three quotes sites and making sure that you input the same (correct) information about yourself.

I advise that you use not less than three quotes sites since it will make it less likely that you'll miss out better quotes not given by the other sites. This gives you a broader basis for doing better comparisons thus increasing your chances of better quotes.

November 9, 2007

Kansas Homeowners Insurance - Where to Get the Best Rates

Kansas has had more than it's share of tornadoes and storms in recent years, which means if you don't have homeowners insurance in Kansas you're flirting with financial disaster. Here's how to get cheap Kansas homeowners insurance with a reputable company.

What does homeowners insurance cover?

Homeowners insurance covers the following:

* Your home - It protects your house and other freestanding structures on your property from fire, vandalism, hail, and storms.

* Personal property - It protects your personal property - clothing, jewelry, furniture, electronics, appliances, kitchen utensils, tools, sports equipment, etc.

* Additional living expenses - It pays for any additional living expenses you may incur when you're forced to leave your home due to fire, vandalism, or storms.

* Personal Liability - It protects you when you or a family member unintentionally injures someone or damages their property. It also pays your legal fees if they sue you.

How much homeowners insurance should I get?

For your home, you need enough coverage to rebuild it should it be destroyed. You can find out how much it would cost to rebuild your home from a local real estate agent or builder. For your personal property you need enough coverage to replace all your belongings. You can get that amount by adding up the value of everything your own.

For additional living expenses, most insurers will give you coverage equal to 20% of the amount of your home coverage. For personal liability coverage, most people opt for $100,000 worth of coverage, but you should purchase more if you have a lot of assets you need to protect.

What doesn't homeowners insurance cover?

Standard homeowners insurance does not cover damage to your home caused by flooding. If you live in a flood zone you can purchase flood insurance from the federal government. For more information about flood insurance visit FEMA's flood insurance web page at:

Also, some homeowners insurance companies do not cover damage due to windstorms, and they may set limits on expensive items like jewelry and computers, so be sure to read your policy, or have your insurance agent explain it to you, to make sure you have the coverage you need.

Where can I get cheap rates on Kansas homeowners insurance?

The best place to get the best rates on Kansas homeowners insurance is at an insurance comparison website.

November 8, 2007

Renters Insurance

Renter's Insurance covers the personal effects and third party liability of an apartment or house renter. Smart consumers evaluate comparative offerings from insurance companies based on the nature of coverage. Some elements that are important are the amount of deductible, maximum benefit, per occurrence maximums and the specific events that are excluded in the coverage.

If a tenant realizes that personal possessions have been damaged or ruined owing to a fire or a break in, he cannot expect the landlord to pay for the damages. Renter's insurance adds to the benefit of the owner's insurance policy as the money will be paid before the homeowner's policy will pay them anything. The former covers personal valuables of the tenant and the latter protects the apartment in case of any unforeseen event.

Renter's insurance not only protects tenants? valuables but also the accountability to other people injured in the house during a mishap. A relative or pet who may be hurt are liable to receive a compensation and the insurance will cover legal defense costs in case the occupant is charged or taken to court.

The benefits of renter's insurance are wide-ranging. It covers added costs of provisionally living away from the house in case of destruction from fire and other insured disasters. The insurance policy recompenses hotel bills, temporary rental expenses, documented eating bills and other day-to-day expenses, which are sustained while the residence is being rebuilt.

Insurance companies deal with additional living expenses according to their own guidelines. Renters insurance does not cover floods and earthquakes. All occupants of a house may purchase collective insurance or invest in singular renters insurance policies. While purchasing a policy it is advisable to consult friends, check the insurance directory or verify consumer guides. People may also discuss with insurance agents, insurance companies and online insurance quote services to attain the best renters' insurance policies.