10 Ways to Tell Which Home Insurance is Best For You
Did you know that there are 10 ways to tell which home insurance is best for you? When it comes to home insurance, this is impressive to consider since there are so many to choose from. But, what are the 10 ways to tell which home insurance is best for you? Luckily, we’ve written out a complete list for you. You can take this list of 10 ways to tell which home insurance is best for you and use it to find the best insurance option for your needs.
1. Coverage Tiers Match Your Needs
The first of 10 ways to tell which home insurance is best for you is the coverage tiers. Since every home is different, it’s essential that you find the home insurance coverage that fits your needs. If you have a new home, make sure that you have enough coverage for both the home and the contents. For those that live in flood-prone areas, you’ll need a rider for flood insurance if the original policy doesn’t include coverage. The same goes for those in tropical storm-prone areas.
2. Customer Support is Responsive
We all know that problems with your home usually happen at the most inconvenient times. So, you better have a responsive customer support team handy when you need them. Make sure that you have their phone number, and see if they offer support 24 hours a day, 7 days a week. This should also include weekends and holidays. Also, customer support should be able to quickly locate your home insurance policy and be ready to answer any questions or concerns you may have.
3. Good Reviews
One of the biggest points of the 10 ways to tell which home insurance is best for you is the reviews. Each company has an online presence, and this usually includes reviews. Yes, you can look at testimonials. However, the company picks these, and they’re all usually positive. Instead, do a quick Google search for the company and look at Google reviews. Sort them and look at the good, bad, and neutral. See how and if the company responds to their customers.
4. App Connection
It’s the digital age, and your insurance company should be well updated on the newest technology available. This includes having an app that you can download on your phone. In turn, you’ll have your policy at your fingertips when you need it. Make sure that the app is compatible with your phone and easy to navigate. You should be able to locate all of your details, including the deducible, coverage tiers, and what it does and doesn’t cover. You should also be able to log in on your laptop, tablet, or PC.
5. Premium Matches Your Budget
Another one of the 10 ways to tell which home insurance is best for you is to match the premium to your budget. You want to get all of the coverage you need without going way over budget. Always try to get more coverage than you need rather than making the mistake of underinsuring your property. This way, you know you’ll have all of the coverage you need if you need it. Discounts can help make your home insurance premium a better fit too.
6. Able to Adjust Your Deductible
Your deductible is the amount you’ll pay upfront before your home insurance policy kicks in and pays the rest of your claim. This can fluctuate, and most companies offer $500 deductibles and up. Many people choose to go with a $1,000 deductible. The higher your deductible is, the lower your premium will be each month. You should be able to quickly and easily adjust your deductible when your circumstances change. Just make sure you have enough money set aside to cover it if you need it.
7. Discount Opportunities
One of the 10 ways to tell which home insurance is best for you is to look for discount opportunities. Does the company offer incentives to stay? They could offer a percentage off for long-term customers to make it better for them to stay rather than shop around. For new customers, what discounts does the company offer to entice you to sign up? Is there a policy for bundling your home and auto policies? Maybe they have discounts you can get for making improvements to your property.
8. Bundling Opportunities
Since it can be confusing to try and keep your home and auto insurance paid on time each month, look for a home insurance company that offers opportunities to bundle. Usually, they’ll offer discounts for customers who do this because you’re buying more than one policy from the same company. Double-check and see if your potential companies offer this and whether or not it comes with a discount attached. Some companies do, and some won’t have it available.
9. Straightforward Fee Schedule
Ideally, your potential home insurance company will have a very transparent and straightforward fee schedule. You want to avoid companies that sneak in extra fees for applications, contracts, or certain riders. Ask the company for a fee schedule. Check any fine print, and make sure you read it from one end to the other. If you see hidden fees, skip it.
10. Friends of Family Recommend Them
Don’t be afraid to ask around when you shop for home insurance. Your friends or family can steer you toward good companies and away from ones that they had a bad experience with. They can also give you insider’s opinions of how the company operates, their policy process, how responsive they are, and more.