Cheap Homeowner Insurance

Cheap Homeowner Insurance

There was a time when it seemed that cheap homeowner insurance was everywhere. This was in the days before Hurricane Katrina which was so devastating that many insurance companies could not make good on paying off their policies. Nowadays good insurance for homeowners is very expensive, that is if you want a guarantee that it will pay off. When it comes to cheap homeowner’s insurance you get what you pay for.

Not too long ago you could have your choice of dozens of companies willing to sell you cheap homeowner insurance (http://cheap-insurance-rates.com/home/miami.cfm). It would just seem logical that you need to get insurance for all of the risks that you need covered – especially if you are a landlord.

However it is not just Katrina that caused cheap homeowner insurance to practically disappear there have been a number of natural catastrophes causing problems. In the past few years there has been flooding in the Midwest plus awful fires in California. Many people did not get paid, especially if they bought that cheap homeowner insurance.

Many insurance companies have been forced out of business so you are not exactly looking at a buyer’s market when it comes to cheap homeowners