Free Home Insurance Quote
The internet has made it easy to get quick free home insurance quotes online. All you have to do is go to an insurance web site, feed your information into their quote engine and they will immediately give you a free quote. We suggest you feed your details into a few of these quote engines, to get the best deal available.
Home insurance can be split into two parts. The contents of your home and the buildings itself. You do not have to insure both of these, during the quote process you will be given the option to insure either or both.
If you do not own your home, your landlord will probably have insurance on the building. In that case you only need to insure the contents.
When you look for a home insurance quote you should think about the “replacement cost” of your home and it’s contents, to ensure that damage or loss caused by calamities such as earthquakes, storms, wind and natural and man-made disasters of many kinds is covered. In the home insurance industry, “replacement cost” is the computed value of an insured item. It is not tied to the “market value”, but is instead the cost to replace an item or the structure itself at its pre-loss condition. A proper assessment of replacement costs will be suggested by your insurance company and you should make sure that you are comfortable that it will be adequate to cover your needs.
In addition to purchasing enough Homeowners Insurance to cover the replacement costs of the home itself and the land on which it sits, Homeowners policies will also include coverage, with limits, for high value items (such as furniture, paintings, jewelry, cash, credit cards…). If you have a policy and your possessions are of greater value to you than what is covered, you should consider purchasing a separate policy (a “floater” policy), in order to increase your coverage.
It might interest you to know that most basic homeowners insurance policy covers 11 types of disasters - fire/lightning, vehicles, explosion, riots/civil unrest, aircraft, wind/hail, volcanic eruptions, theft, smoke, and self-damaging issues(such as part of a building falling on itself), vandalism.
The list can be expanded to include the following disasters - water damage, falling objects, electrical surge damage and snow/sleet/ice.
The UK has seen an increase in flooding damage in recent years and I strongly suggest that the optional extra for flooding damage be included in your policy.
Leave a Reply
You must be logged in to post a comment.