Homeowners Insurance FAQ
Is home insurance necessary?
Will improving my home save me money on my home insurance premium?
Will going green save money on my home’s insurance?
What kind of home insurance should I get?
looking for quotes online
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Homeowners Insurance FAQ

Thanks to the World Wide Web, homeowners who have not yet applied for a homeowners insurance or HOI can now find the best policies in their state without having to call one insurance company after the other. It is also now easier for them to look for homeowners insurance related information –saving more time and energy. Here are a few of frequently asked questions for homeowners:

Is home insurance necessary?

If you find that getting a home insurance policy will only put a dent on your budget, think of it in another light i.e. that it provides financial security for you and your family in an event that your home needs some fixing.

Will improving my home save me money on my home insurance premium?

It depends what kind of improvement you will be doing. If you are installing alarm systems and a smoke alarm, this will save you a lot of money. Installing a fire extinguisher on each floor is also a bright idea because this will not only save your life and the contents of your home but will also open doors for low cost home insurance rates. Other home improvements one can do include installing shatterproof windows, updating your heating, the plumbing and your home’s wires, as well as installing roof covering and motion-sensitive lights.

Will going green save money on my home’s insurance?

There are some companies that provide a big discount for homeowners who own homes that are fitted with solar panels. Homes with environmentally conscious materials are also  eligible for a discount. You would have to find which companies offer these though before you apply for a policy.

What kind of home insurance should I get?

There is no easy answer for this one because insurance companies offer different levels of coverage as well as various types of policies. There are those that only covers your home and other personal property inside it that are mentioned in the contract between you and your insurer. There are those that are called named peril policies where a certain part of the home is insured for a certain type of damage. There are also homeowners insurance that cover against liability or policies that cover renters insurance. Apart from the above, there are also homeowners insurance that covers parts of a building i.e. condominium units and policies specific for people with mobile homes.