| Looking for low cost homeowners insurance? Want | | | | a fire, storm, or other disasters. Most policies cover |
| to get the best rate with a top-rated company? | | | | you for an amount equal to 20% of your structural |
| Here's how ... | | | | coverage. |
| How much homeowners insurance do I need? | | | | Where can I get the best rate with a reliable |
| You need enough homeowners insurance to cover | | | | company? |
| the cost of rebuilding your home if it's destroyed. | | | | Because homeowners insurance can vary by $1,000 |
| You can determine this cost by calling a builder or a | | | | or more from one company to the next, the first |
| real estate agent to get the local building cost per | | | | thing you need to do is to comparison shop. |
| square foot. Multiply this figure by your home's | | | | There are insurance comparison websites that give |
| square footage to get the amount of structural | | | | you homeowners insurance quotes from a number of |
| coverage you need. | | | | A-rated companies. Get at least three quotes then |
| In addition to structural coverage you need insurance | | | | compare them to get the best one. |
| to replace your personal possessions if they're | | | | Some of these sites even offer a free online chat |
| damaged or stolen. Most homeowners policies give | | | | service and a toll-free telephone service so you can |
| you coverage for your personal possessions equal to | | | | get answers to any insurance questions you may |
| 50% to 70% of the amount of your structural | | | | have. (See link below.) |
| coverage. If your possessions are worth more than | | | | To reduce the cost of your homeowners insurance |
| that you can ask your insurance agent to add more | | | | you can raise your deductible. This is the amount you |
| coverage. | | | | have to pay before your insurance company will pay |
| You also need enough insurance to pay for a bodily | | | | a claim. The higher your deductible, the lower your |
| injury or a property damage lawsuit when you're | | | | insurance premiums. |
| found to be at fault. Most homeowners insurance | | | | Also, ask you agent for every discount you're |
| policies provide a minimum of $100,000 worth of | | | | entitled to. Most companies give discounts for having |
| liability insurance. But due to the rise in personal injury | | | | both your car and your homeowners insurance with |
| lawsuits, purchasing at least $300,000 to $500,000 | | | | them, for having safety and security features |
| gives you better protection. | | | | installed in your home, and for a number of other |
| Lastly, you need insurance to pay for your living | | | | reasons. |
| expenses if your home becomes uninhabitable due to | | | | |