A home is typically the largest purchase one makes. And like most products in the marketplace, one can find a cheap home or an expensive home. The same goes for homeowners insurance. If you are trying to meet only a mortgage company's requirement for insurance, you can go pretty cheap. If on the other hand you want an insurance company to pay for ALL the damages incurred in a claim, refurnish your home, put you up in another home while your home is being repaired, defend you in court when you have been sued, it might cost you a little more for your insurance.
Your best bet to obtain the best value is talk to a professional to help evaluate your needs relative to your wants and budget.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
A home is one of the largest assets that you will probably own. If you want cheap coverage you will want a policy that pays as much as possible when you have a claim. The annual premium is immaterial if you have a fire, wind or other damage to your home. A trusted insurance agent will listen to you, provide sound financial advice and communicate clearly with you and the insurance company. The agent will help you select appropriate limits so you can be satisfied when you have a claim.
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Your best bet to obtain the best value is talk to a professional to help evaluate your needs relative to your wants and budget.