Competitive Homeowner’s Insurance

Homeowner’s insurance can be expensive and complicated, at Send Me A Quote you can discuss the coverage that suits your needs with one of our licensed insurance representatives.

A homesowner insurance policy covers the structure of your home, and includes protection for various types of personal property and liability coverage.

Discounts on Policies:

• There are several discounts available for homeowner’s insurance policies such as a new roof, a monitored alarm systems, hurricane shutters, and impact windows:
• Dwelling Features and Characteristics – The age of your home and type of structure can affect your homeowner’s insurance premium.
• Location – Where your dwelling is located can change your insurance premium. For example, insurance rates can be impacted your dwelling is in a flood zone, exposed to extreme weather, or your neighborhood is vulnerable to theft.
• Protective Devices – Monitored burglar alarm systems, smoke detectors, fire extinguishers, sprinkler systems, and deadbolt locks can lower your insurance premium.
• Personal Factors – Smokers may pay more for home insurance than nonsmokers. A good credit history can lower your insurance rate.
• Claims History – If you have a history of claims, you may pay a higher premium.

Homeowner’s Insurance Can Also Cover:

• Loss-of-use
• Personal liability
• Replacement costs
• Medical expenses

The fact is that homeowner insurance does not cover damage caused by flood, and federal disaster assistance is only offered when the president declares a major disaster (which only happens in 50% of flooding situations). Unfortunately, most people do not find this out until it is too late. However, flood insurance is available to protect homes and businesses and their contents in communities that participate in the National Flood Insurance Program.

Yes, your homeowner’s insurance policy will cover damages cause by hurricanes. The deductible for hurricane damage can range from 2% to 10% of the insured value of the dwelling depending on the policy. NOTE: Hurricane damage is normally covered, but may be rejected in certain situations.

This is the amount that you, the policyholder, will have to pay out of pocket. For example, if your home is insured for $200,000 with a 2% wind deductible and has hurricane damages of $25,000 the amount of the deductible will be 2% X $200,000 = 4,000.  The remaining amount of $21,000 would be paid by the insurance policy.

In most cases your policy can be escrowed in with your mortgage payment. However, if wish to pay separately, several insurance carriers offer several convenient payment options.

Homeowners Insurance Articles