The best way to get the best house insurance quotes is to compare rates from different companies. And the easiest way to do that is online. Here's how ...
House Insurance Coverage
Before you go shopping for house insurance you should know what's covered:
House Structure - Structural coverage pays for damages to you home from fire, smoke, lightning, theft, vandalism, and weather damage (except floods).
Your house insurance policy should cover the cost of rebuilding your home and should not be based on your home's appraised value. You can ask a builder what the square-foot rebuilding costs are in your area then multiply that figure by your home's square footage to get a cost estimate.
You can save money on your premium by raising your deductible. Increasing it from $250 to $1,000 will save you up to 25%.
Personal Property - You and your family's personal possessions are covered by personal property coverage. Most insurance company's cover your possessions for half of what your home is insured for.
Expensive items like jewelry, furs, and collections may only be partially covered so you'll have to purchase additional insurance in the form of a rider to cover them.
Liability - Liability coverage pays for damage done to others and their property, by you or your family. It can get extremely expensive if you're sued, so you want to have enough liability insurance to cover all your assets.
It only costs an average of $50 a year to increase your liability coverage from $100,000 to $500,000, and it may be well worth it if you have to go to court.
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