How To Choose A Homeowners Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The most important step in choosing a homeowner’s policy is to select a trusted insurance agent.  If you don’t have such an agent seek recommendations from friends, colleagues and neighbors.  A trusted agent will listen to you, provide sound financial advice and communicate clearly with you and with the insurance company.  Setting the limits of a homeowner’s policy is critical.  Regardless of the premium, if the coverage is inadequate to meet a claim you will not be pleased.
    Answered on May 19, 2014
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  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! The best way to choose a policy is to do two things: Your homework, and the legwork. Ask around family and friends and see what they did, or didn't do when choosing theirs. If a family member has a similar sized home, ask what their policy covers, and costs. Have a good idea what the value of your things are - have serial numbers, models and makes, even pictures of things to establish value. Get comparable prices. List everything - clothes, appliances, lamps, everything that you would have to replace. Some companies, like State farm, will have a program that can help you do this, and store the information for you. Then do the legwork- find a good agent, and compare prices. Talk about deductibles, and replacement value. When you are comfortable, then buy. If you need help, please feel free to contact me, okay? Thanks for asking!
    Answered on May 20, 2014
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  3. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Naturally start by having an open and honest discussion with your Licensed Insurance Professional about coverage options that are available to you. Insurance is a participatory sport, though, so it is wise and proper that you do your own "due diligence" research as well. Look for a company with a solid and long track record and sound financials. Will that company be around if you need to use the coverage they sell you? Look for a company and an Agent that takes the time to fully review and inspect your property and bases their recommended coverage on a current Reconstruction Analysis to be sure that you have the right coverage to start. Finally, talk to your Insurance Professional about any available discounts for which you may be eligible.
    Answered on September 25, 2015
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