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August 2021
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Got homeowners insurance questions? Here are the top five homeowners insurance questions complete with answers.
What does homeowners insurance cover? Homeowners insurance protects your home and your personal possessions from damage due to fire, lightning, burglary, vandalism, and acts of nature. It also protects you against liability lawsuits if someone is hurt in your home and they sue you. How much insurance do I need? You need enough homeowners insurance to cover the cost of rebuilding your home if it's destroyed, to replace your personal possessions if they're damaged, and to protect you from liability lawsuits. To assess how much home coverage you need, get the square-foot building costs in your area from a builder or a realtor, then multiply that figure by your home's square footage. For coverage for your personal possessions, take an inventory on everything you own and use the total value. And for liability insurance, figure enough coverage to protect your assets in the event you're sued. What about flood and earthquake insurance? Most standard homeowners policies do not provide flood or earthquake coverage. If you live in a flood or earthquake zone you'll need to get additional insurance. Where can I get cheap homeowners insurance? Insurance premiums can vary by hundreds, even thousands of dollars a year from one company to another, so the best way to get cheap homeowners insurance is to comparison shop. There are now websites that let you compare rates between various insurance companies. All you do is fill out a simple questionnaire, wait for your insurance quotes, then choose the cheapest one. The better comparison sites even have a chat feature that let's you talk with an insurance professional online so you can get answers to all your insurance questions. https://ottefamilyinsurance.com/ How do I find a good insurance company? Most states maintain a department of insurance website that provides a host of consumer information, including claims that have been filed against insurance companies.
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Frustrated about the cost of auto insurance in Broomfield Colorado? One of the great travesties about owning a car is that you are typically required to carry some kind of insurance. Even if your car just sits in a garage in another state and remains un-driven, there are circumstances where you will need to carry insurance coverage. Here are four things that every driver should know about their auto insurance to keep their policy bills as low as possible; in some cases taking the insurance coverage off altogether. • Registered Means Insured in Most States When you have your car registered with the DMV in your state, when you have license plates and you have the registration certificate in the glove box, this fact generally requires you to carry some kind of insurance. There are some instances where you do not need auto insurance; there are some states where you can drive your car without coverage. But you should check with your state so you know what you need and what you don't before you buy a policy. • Paid Off vs. Auto Financing Another thing about auto insurance which many drivers are not fully aware of is that when you have an auto financing loan you generally have to have insurance to cover that loan. Even if you're not driving the car; insurance is generally required on a car which is still being financed. One thing you may not know about this is that if you want to drop your auto insurance on your financed car, you can do that. The stipulation is that you turn in the plates and registration. But in order to keep the financing going you generally need to keep the car registered and keep the car insured. So even if you wanted to put your financed car up on bricks for a while and turn in your plates and registration so you could drop your coverage, most financiers don't allow the registration to be dropped. Ergo you're paying for insurance even if you're not driving the car. • Policy Nonsense When you first sign up for car insurance; keep in mind that there are many coverage options that can be ignored. You don't need to keep on most of what you have from your policy; especially if you have fallen on financial hard times and you have obstinately taken the car off the road. There may be certain coverage's which can have their co-pay raised to the highest amount; this can save you some money on your auto insurance. You can also eliminate many of the fancier points to your auto insurance which can help you save a little bit of money like towing coverage and special rental reimbursements. • Don't Bundle One of the popular things now is "bundle" everything; car, life, homeowners, renters insurance and more. These bundle plans can wind up costing so much more than you'd think. Especially if you're young, you probably don't have all that much worth insuring in your apartment. Auto insurance bundles for the value meal generation can be passed on.
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Little Known Facts of Umbrella Insurance7/21/2021 Umbrella insurance is protection against major claims. It offers you extra security for your future and assets. When you have this insurance, you are adding additional coverage to your other insurance policies. You need this insurance to cover your loss when your other insurance policies have exhausted their protection.
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Car insurance isn’t a one-size-fits-all kind of service, which means what is right for one person may be completely wrong for the next. When you’re looking for a car insurance company, you really have to hear all the different car insurance quotes out there and the different policy elements to decide which one is best for you. Once you’re able to find a good car insurance company, you may be with them for years, so it’s worth it to take the time, ask questions and figure out where you stand. Obviously, the car insurance quotes themselves are one of the more important factors when looking for the right car insurance company. If you can find quotes that are even a few dollars less than your lowest one, it could end up in substantial savings over time. Asking questions and shopping your business around to different companies is one of the keys to finding the lowest quotes. Of course, low quotes aren’t the only element to finding the best car insurance company for you. The depth of your car insurance coverage is another important factor. If you can get more coverage from one car insurance company for the same price that another is quoting, it makes sense to go where the coverage is greater. Accessibility is important to some people, and if it’s important to you, make sure it’s part of the company you choose. If you work nights or are often out and about after business hours, it’s nice to know you can contact your agent or some other representative if you need them. Car accidents and vandalism happen at all hours of the day, so if you can’t get in touch with your car insurance company when you want to, it may be best to look elsewhere. Looking at every aspect of your insurance will help you ask the right questions that will ultimately lead to lower car insurance quotes. The discounts that a car insurance company offers will vary from provider to provider, so finding one that offers discounts that apply to someone in your age range or with your driving experience may help you to lean one way or the other. It’s always wise to ask about any discounts that will apply to your specific situation.
Asking around to your family, friends and coworkers is one way to find a car insurance company that others find dependable and worthwhile, but you’ll still have to go in and find out if they are the best one for you. A company that your parents find the best may not be the best for someone your age with your lifestyle and driving record. Take a little time and figure out which aspects of car insurance are the most important to you, then go get your car insurance quotes and narrow down the companies by what they can offer you. The car insurance industry is competitive like any other, so take your time and ask questions and you’ll find a car insurance company Erie Colorado you can stick with for years. |