how to select a good home insurance plan

II: Home Insurance Liability Protection

The property protection part of the homeowner’s insurance policy will cover any damage caused by storms, ice, fire, snow and theft. These policies do not cover damage caused by floods, hurricanes and earthquakes. Therefore those homeowners living in such areas can always add such coverage options in their policies for an additional cost. The liability portion part of the insurance will cover you against injury on your property. However, you must remember that any negligence in your property and if someone gets injured as a direct result of that, you will personally be held liable for such injuries.

Here is how you can get cheapest homeowner’s insurance –

1.Do a personal estimation of what your house is worth. Including all its contents and your personal belongings.
2.Go online and do some research on the houses in your area. See how the premium rates vary and try to find out why.
3.Try to get quotes from various insurance companies. Talk to local agents and find out the rates.
4.Don’t forget to ask what the exceptions are and how much of additional premium you will be required to pay in case you want to add them.
5.If possible combine policies with the same provider. For example, if you have an automobile policy with one agency, you can always try combining this with a homeowner’s policy to lower your premium rate.
6.Ask for methods to decrease your premium. For example –