Insurance Articles - What is Homeowners Insurance and Where Can I Get the Best Rate?
A homeowners insurance policy protects your home and personal property against loss or damage by fire, theft, vandalism, and other causes. Items covered by a typical policy include:
* Your home
* Other structures on your property, such as a shed or pool house
* Outdoor items such as trees and sprinkler systems
* Personal property, such as clothes, furniture, and appliances
In addition, policies provide liability coverage in case someone is injured while visiting your home, and they pay your living expenses when your home is damaged and you need to live somewhere else.
How Much Insurance Do You Need?
To determine how much insurance you need for your home, multiply the square footage of your home by the building cost per square foot in your community. This will give you an idea of how much it would cost to rebuild your home at current construction costs.
You also need to decide how much coverage to buy for your personal property. Most policies automatically set coverage for personal property at 50-70% of the amount of your home insurance, but you can set it higher. It's a good idea to inventory your possessions to figure out how much it would cost to replace these items.
How Much Does Homeowners Insurance Cost?
The average cost of homeowners insurance varies depending on many factors, including:
* The value of your home
* The location of your home
* The deductible you select
* Special features in your home that raise your cost, such as antique or high-value materials
* Safety features such as deadbolts and smoke detectors, which can net you discounts on your insurance costs
The company you select also affects the price you pay. The cost for the same policy varies from one company to another, so you need to comparison shop.
The best way to quickly check rates is to go to an insurance comparison website. On these sites you enter information about your home and insurance needs just one time and get quotes from several A-rated companies bidding for your business.
Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to get the best homeowners insurance quotes from top-rated companies and see how much you can save. You can get answers to your questions from an insurance expert through their online chat service.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance industry, and have written numerous articles on homeowners insurance.
Related Tags: company, best, companies, covered, what is homeowners insurance, average cost
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