If you’ve gone online lately for homeowner’s insurance in Rockwall, your search probably returned over a dozen pages of companies wanting your business. The problem with shopping for your homeowner’s insurance is that any quote you receive is an indication and not a firm quote. Buying insurance for a $500,000 asset is important and you should get advice from a reputable insurance professional.
The Agent Advantage
Not that all agents will give great advice, but they will be responsible if something goes terribly wrong. Home insurance costs in Rockwall depend on many variables having to do with your home, your claims history, your credit score and even your driving record. Unless you are prepared to offer this personal information online, you are unlikely to get a firm quote. If you choose to receive an online quote, call the company afterward to confirm the insurance premium estimate. You can also take advantage of your agent’s expertise and ask questions that you didn’t find in the website’s FAQs.
The Package Deal
Most homeowner’s insurance quotes are built from a package of coverages. Buying the generic package could leave you suffering out of pocket expenses after a loss. Rockwall homeowners should make certain that the policy will cover things like water backup, sinkhole, and mold remediation, which are usually endorsed onto the policy and cost additional premium.
Also, determine if the policy is valued at 100% replacement cost for hail and windstorm. Lately, many of the major companies are automatically adding an endorsement to their policies that will reduce claim payments for hail and windstorm claims on the roof surface. This could be an expensive lesson to learn after a hail-storm passes over Rockwall neighborhoods dropping golf ball size hail on your ten year old roof.
Although most homeowner policies are similar, they are not all the same. Your independent insurance agent in Rockwall will take the time necessary to point out and go over each coverage you are not certain of to make sure you understand what is covered, and what’s not covered.
Discounts Make the Difference
When you’re shopping for homeowner’s insurance, make certain that you ask about every possible discount that can help reduce your annual rates.
• Gated and Guarded Community – Many California insurance carriers will offer a discount if your home is located in a secured community that has a gated entrance and 24-hour security in the neighborhood.
• Monitored Alarm System – Although security cameras assist the authorities after a break-in, a monitored security system will help prevent break-ins and help authorities catch a criminal in the act. These systems will also help reduce fire damage by signaling the local fire department if smoke or heat trips the alarm. Insurance companies love monitored security systems and will offer discounts with proof of purchase.
• Multi-Policy Purchases – Anytime you can purchase more than one type of policy from an insurer, you will typically receive a significant discount. This is a great reason to have your car and auto insurance with the same company.
• Claims History – Your claims history can have a significant impact on your homeowners’ insurance in Rockwall. Be careful not to file a claim unless completely necessary. Claim-free discounts can greatly reduce your cost of insurance.
Probably the most important tip for homeowners’ insurance in Rockwall is to do business with an independent Rockwall agent who represents multiple companies. This allows the agent to shop all carriers represented and deliver the best insurance solution for your individual needs. Contact us today for any of your insurance needs!
