Questions to Ask About Home Insurances

Home insurance or homeowners insurance protects homeowners from damage to their home. There are many different kinds of home insurance in many price ranges. When shopping for insurance, it is important to know the questions to ask about home insurances, before making the final purchase. You should purchase the policy that best suits your needs and budget.

Do I have enough insurance?

Before purchasing home insurance, you should calculate the cost of replacing your home, plus the total cost of all of your possessions inside the home. You want to make sure that your policy will cover the structure and the entire inside contents, if the home is completely destroyed.

How much is my deductible?

Most insurance policies allow you to save on monthly premiums by choosing a higher deductible. Take into consideration both scenarios and decide which one is right for you; as you may not want the higher deductible.

How do I file a claim?

Ask your insurance agent for the contact information and the correct protocol if you need to file a claim.

Does my policy cover earthquakes, floods and other natural disasters?

Most of the time, earthquakes and flooding are not covered on homeowners policies. Ask if there is optional insurance for these disasters, if you feel you need the peace of mind.

Do you offer discounts?

Some insurance companies offer discounted premiums to homeowners who have smoke and burglar alarms or automatic sprinkler systems installed.

Am I covered if someone gets hurt on my property or in my home? 

Ask about liability protection if someone gets hurt on your property because of your negligence. Home insurance policies cover medical costs, damages and legal costs, if necessary.

What is not covered in my policy?

Before purchasing any policy, you should know exactly what is and what is not covered. Do not assume anything. Ask questions and make sure you completely understand what your policy covers.