Homeowners insurance can be quite complex, but you can make it a bit easier with the right resources. The first thing to understand when looking for a homeowners insurance quote is what exactly it will cover. Typically, a policy is broken down to cover the structure of your home, as well as any other structures on your property, your liability for anyone else’s injuries sustained on your property, and many of your personal belongings, such as furniture.
Some policies may offer coverage for more, while others may offer coverage for less. It is important to keep this in mind when researching and comparing policies. Make sure you don’t compare apples to oranges. For example, Policy 1 may be $40 cheaper each month than Policy 2, but as you read the details of each, you may find that Policy 2 offers more coverage, deductible options, or perhaps both.
Read about each and every insurance provider to learn more about them and how they operate. What do other customers say about them? Have there been many complaints in the past? Do many people seem dissatisfied with the claims process with a particular company? These are red flags that you definitely want to watch out for.
If you’re a younger homeowner, it might be worth looking into a home insurance quote with a “millennial focus.” This means that everything can be done through a mobile app or a PC. The application process, account access, payments, claims processing, customer service, etc. everything must be done quickly over the Internet.
Effect of crime rate on your homeowners insurance quote
If you live in a neighborhood with a high crime rate or have a lot of valuables that you’re worried about being stolen, make sure your policy includes personal property theft coverage. This way, you will be reimbursed in case those valuables are stolen. With some specific items, protection is covered regardless of where you are physically located. For example, if it is lost or stolen while you are on vacation, you may still receive funds. Also, some home insurance providers offer payment discounts if you “burglar-proof” your property by adding additional security features.
Speaking of discounts, most insurance providers will consider lowering rates a bit if your property comes with things that will better protect it from the elements, like a sprinkler system, durable hurricane-proof windows, a newer reinforced roof, updated plumbing system, etc.
The only place to start your search for a homeowners insurance quote is Lemonade. It offers a fast claims processing system and super low fees. Their unique system is definitely worth a look. While you’re at it, take a look at Lemonade Insurance discounts to find out how you can save on home insurance.