 |
1.
Select a Strong Insurer.
Fast, fair claim
service is a must when it comes to a homeowner’s policy. Ask about the
company. |
|
2.
Don't Guess at Your Coverage.
The cost
of rebuilding your home might exceed your estimate. Consult your agent and
determine how much you need to rebuild from the ground up. (In a fire, you
could be left with just the foundation) |
|
3.
Don't Under Insure Your Possessions.
Saving a few dollars up front could cost you a significant amount of money at
a time of loss. |
|
4.
Always Opt for Replacement Value.
Unless you insure
for replacement cost of household possessions, you will be paid only the
purchase price, less depreciation, for items burned or stolen. |
|
5.
Choose
an Appropriate Deductible.
The higher the
amount of a property loss you elect to "self insure" the lower your premium is
likely to be. ($250 is fairly standard but $500 is affordable for most
homeowners.) |
|
6.
Schedule Art, Furs, Antiques and Collectables.
Make
certain all items of this nature, (especially those worth more than face
value) are separately "Scheduled" for their worth. |
|
7.
Ask About "Off Premises" Coverage.
Don't take a
chance with expensive equipment. Make sure your insurance covers possessions
in transit and for "Mysterious Disappearance". (lack of coverage can be an
extremely costly mistake.) |
|
8.
Make Sure You Get Proper "Credits".
Many policies
provide discounts for central and other alarm systems, for proximity to fire
hydrants and fire stations, for proper smoke alarms. |
|
9.
Check on Your Coverage for Living Expenses.
In the
event of fire or other damage to your home, your policy should provide
adequate payment for alternate lodging during the period of rebuilding. |
|
10.
Find Out About Excess Liability.
Don't take basic
liability coverage for granted, especially if you have "Attractive Hazards"
such as a swimming pool or "Frisky" pets. (lawsuit settlements really have
become excessive.) |
|
11.
Don't Ignore Earthquake and Flood Insurance.
"It can't
happen here" has cost many a homeowner thousands of dollars and countless
grief. Neither peril is covered under standard policies - Check Them Out! |
|
12.
Most Important - Talk to Us! |
