4 Tips for Choosing Homeowners Insurance

Choosing homeowners insurance is a snap with these tips

Choosing homeowners insurance doesn't have to be a chore that you put off for weeks or even months. By following these 4 helpful tips, you can choose the best insurance for your family in no time.

Tip #1 -- Check state insurance websites

Many people don't realize that most states operate an insurance website that contains valuable information for residents. These websites are maintained as a service to state residents and contain helpful information such as:

-- complaints
-- fraud reports
-- insurance company examinations for state codes
-- insurance company ratings

This information is very helpful because it relates directly to your area. When it comes to insurance, it doesn't matter how an insurance company performs 1,000 miles from your home. All that matters is that they give good service in the region of the country in which you live.

Tip #2 -- Check Internet-based insurance rating companies

Online, you can find several companies that rate insurance companies. If you are considering getting coverage from a major company, this may be a good choice for you. Two sites for you to review are A.M. Best and J.D. Power. These sites give ratings for major insurance companies on:

-- policy features
-- pricing
-- billing
-- claims
-- overall satisfaction ratings

When checking an insurance rating company, be sure that their surveys are based on service quality and customer satisfaction and most importantly, that their surveys are based on independent customer satisfaction.

Tip #3 -- Check the financial health of insurance companies

When you get coverage from an insurance company, you want to be sure that in the event you need to file a claim, they have the funds to give you check. Weiss Research is a company that checks the financial health of insurance companies. This information is provided quarterly and it is a good idea to check this information before deciding on an insurance company.

Tip #4 -- Comparison shop for lowest rates

Thanks to the Internet, finding the best rate for insurance is just a click away. There are many websites that will give you instant insurance quotes... cutting down the time you need to spend on the phone with an agent. Use one of these sites to narrow down your selection to be sure you are getting the lowest rate possible.

By doing a little "homework" and research, choosing homeowners insurance isn't the headache it used to be. Check state and national insurance company ratings, the financial health of the company, and shop for the lowest price. Combine these tips and you can rest assured you have the best homeowners insurance to fit your needs.


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