Shopping for home insurance these days is easy, a fact that begs the question: why are so many people underinsured? Finding online resources that will quote home insurance costs in a fraction of the time it would take to visit an insurance office in person, or even pick up the phone and talk to an agent about your options, is commonplace. And yet consumers seem to be more content to ramp up their level of coverage on their cars than they do their homes.
According to insurance experts and those in the know, much of it has to do with perception: consumers typically perceive their cars as being at higher risk than their homes, simply because they’re mobile. This is a misconception that could find many people in deep financial water in the event of the unthinkable.
Insurance companies are urging homeowners not to wait, pointing to the recent earthquake in Japan and other natural disasters throughout the world as evidence that nature can strike at any moment—and proper insurance when that happens is of paramount importance.
If you’re concerned that your coverage may not be enough, contact your homeowners insurance company to find out where you stand. Once you’ve determined you want to raise your level of coverage, get a free insurance quote online from other insurance companies that service your area. See how their terms and costs stack up against what your current insurer can offer you.
What is the Difference between Named Perils and Open Perils on your Insurance Policy?
While comparison shopping for insurance, you will encounter two different types of policies: named perils and open perils policies. Understanding the difference between the two insurance policies w...
Read More →
Do you Need Full Insurance Coverage on High Mileage Cars? What are my options?
Car owners with high mileage automobiles are often torn on how to proceed with their coverage. Thanks to online comparison tools that allow owners to look at different insurance companies, consumer...
Read More →
Do Wood Burners Change your Home Insurance Premiums?
If you install a wood burner or wood stove in your home, your homeowners insurance policy may need to be updated to comply with state insurance regulations. Laws vary from state to state, and it wo...
Read More →