The “Best” homeowner’s insurance policy is the one that is going to do what you want it to for what you are willing to pay.
So what do you want it to do?
Pay for any damage to your home? The “Best” policy would guaranty your home would be repaired or rebuilt if damaged by any cause. All policies will have exclusions or limitations. The “Best” policy will have the fewest exclusions or limitations.
Reimburse you for loss or damage to your personal property? The “Best” policy will repair or replace (new for old) your property should it be damaged from any cause. Again, most policies will have exclusions and limitations, the “Best” policy will have the fewest exclusions and limitations.
The “ Best” policy will include a Personal Liability limit not less than $300,000 and offer a good Personal Umbrella should you need or want higher limits.
The “Best” policy will be offered by an agent or insurer who will take the time to alert you to all the policy amendments available to address your specific needs.
The “Best” policy will be offered by an agent or insurer who will stand with you should a claim occur and help you return to your pre-loss position.
In my opinion, the “Best” policy will be the one that will do all the above for the most favorable premium.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
I really like Frank Lombard’s answer. I would just add that the company is important but certainly not critical. The essential elements that make a policy best are the relationship that you have with the agent and the limits that you select. You are choosing someone who you want to stand with you when the unimaginable occurs, chose well.
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The “Best” homeowner’s insurance policy is the one that is going to do what you want it to for what you are willing to pay.
So what do you want it to do?
Pay for any damage to your home? The “Best” policy would guaranty your home would be repaired or rebuilt if damaged by any cause. All policies will have exclusions or limitations. The “Best” policy will have the fewest exclusions or limitations.
Reimburse you for loss or damage to your personal property? The “Best” policy will repair or replace (new for old) your property should it be damaged from any cause. Again, most policies will have exclusions and limitations, the “Best” policy will have the fewest exclusions and limitations.
The “ Best” policy will include a Personal Liability limit not less than $300,000 and offer a good Personal Umbrella should you need or want higher limits.
The “Best” policy will be offered by an agent or insurer who will take the time to alert you to all the policy amendments available to address your specific needs.
The “Best” policy will be offered by an agent or insurer who will stand with you should a claim occur and help you return to your pre-loss position.
In my opinion, the “Best” policy will be the one that will do all the above for the most favorable premium.