Homeowners Insurance Instant Quotes

I bought my very first house one and half year ago without much knowledge about homeowner insurance quotes. Here I would like to share my experience, tips and information about how to get a good homeowners insurance instant quotes by shopping as much as possible to get online homeowners insurance quote. I would also share what need to pay more attention to when closing your house.

1. You need to get a credit report and need to very clear on your credit status as most company will provide different rates according to your credit history.

2. Determine the coverage type such as "all risk" or "fire and theft". You need to know what natural disasters are prone in your area such as hurricane in coastal area; tornado in mid-west area; earthquake in west coastal area etc. A well designed policy can protect a homeowner from losses if the home is burglarized or vandalized, or if there is a fire or natural disaster.

3. What is the deductible?

4. Pay attention to tax item which was the one I overlooked. I ended up paying 4 months of tax while I am not the owner of the house. We even tried so many ways such as contacting insurance company, house builder, local government agency and made thousands of calls but only left with dissapointment.

5. Shop arround and get a cheap homeowners insurance. Aigdirect.com and amica.com are great but they would ask you to call the insurer or an agent after you answer some of their questions. Nationwide is acceptable and promises a two-day response via e-mail. State Farm, Fireman's Fund, Erie, might ask you to go to their agent network. Travelers dropped all of their homeowner's policies a little while ago.

6. To protect against extensive financial loss, the wise homeowner should have an up-to-date homeowner's insurance policy that adequately covers both home and possessions. homeowners insurance protects personal belongings and protects the homeowner against lawsuits if someone is injured while on the owner's property.

7. "It's the mother of all potential snookering," says the president of New York-based mortgage lender company, "and it's a game being played on even the most sophisticated consumers." Consumers are losers at last.

8. "The people who write the loans try to process too many and don't service the customers. They were uncaring." That's what we were treated before signing the contract without even giving us enough time to go through each items.

9. Repaying your loan faster will cost you.

10. Shady banks sometimes charge for nonexistent services, or boost the fees charged by third parties such as property inspectors.

11. Investors know that when they buy stocks through a broker on margin,
they'll need to cover their loan should their stocks take a dive. They'll get an opportunity to deposit some cash rather than liquidate stock.

12. Final point, check Consumer Reports for comparisons of homeowners' insurance. You might also go to www.consumerreports.org.