Have you ever tried an online insurance comparison tool and thought, “this is showing me prices, but what exactly do these policies cover?” Online insurance tools don’t show you details about what a home insurance policy covers or what it excludes. Other factors are important, too, like company reliability and service. The answers vary, and the best answers can come from independent insurance agents. They work with many companies. They’ve got experience and information to help you understand your choices of home insurance.
What are the Basic Types of Coverage for Home Insurance?
First, there are a few things that all home insurance policies have in common. These are the basic forms of coverage that include:
- Damage to your home
- Damage to any other buildings on your property, like sheds and barns
- Damage to the contents of your home
- Additional living expenses (home insurance can pay for your lodging if your house can’t be occupied)
- Comprehensive personal liability (for accidents on your property)
- Medical expenses (for people visiting your property — not you and your family)
These coverage types will be included in all home insurance policies. Beyond these types of coverage, insurance companies have specialties. Any extras or special coverage you need could influence the company you choose.
Your Individual Home Insurance Needs
If you own a collection or have personal items valued above the basic level of coverage your policy offers, you need coverage for it, too. These days, many people are working part-time or full-time at home. This is another factor that can influence which policy is right for you.
Home insurance companies specialize in different types of optional coverage. Locating one that fits your needs could save you money and provide you with better home insurance.
Benefits From Your Home Insurance Policy
Unless you’ve been through a major disaster like a flood or fire, you might not realize what home insurance can do. If your home is damaged and you can’t live there until it’s fixed, home insurance can pay for your living expenses.
Some companies can offer discounts based on your age or the age of your home. You could also see benefits from paying for your insurance without the need to file claims. Married and widowed people can also have some benefits. You could also get some benefit from a home security system, and smoke and carbon monoxide detectors.
Why Do Some People Pay More for Home Insurance Than Others?
The age of your home and its location could affect your insurance premium. You might have more appliances in your kitchen, and even an extra freezer or two in the garage. However, these factors probably won’t influence the price of your home insurance as much as choosing a company that fits your home’s location, what’s on your property, who you are personally, and your specific coverage needs.
Although River Falls isn’t a big city, some insurance companies are a better fit for some locations than others. As independent insurance agents, Reis Insurance has access to many choices of companies. They can let you know which company and policy is a good fit for you.
Find a Reliable Home Insurance Company For Your Property
Even if you find a good premium price and good coverage, it’s important to choose a company that is strong financially. Customer service and reliability are also important factors. You can learn what your options are by working with independent insurance agents. Contact Reis Insurance Agency today to find out the right home insurance company for you.