When you want to find the best coverage at the best price for your house insurance in New Haven, the best way to do that is to comparison shop. That means finding information about policies and prices from different insurance companies so you can find the best deal for your needs. Here are some things to keep in mind if you are going to compare the policies from different companies when buying your next home insurance policy.
Know the Deductibles
Your deductible is the amount of money you are responsible for paying before your insurance kicks in. For instance, if you have a $500 deductible on your homeowner’s insurance policy and something happens that requires a $2,000 repair, you are responsible for paying for the first $500 worth of repairs and your house insurance in New Haven policy will pay for the other $1,500. Before making your decision on a policy, you should know that the higher your deductible is, the lower your premium payments are going to be. Know what your deductible is before agreeing to a policy so you aren’t in for any surprises once a disaster occurs.
Don’t Choose Based on Price
The worst thing you can do when shopping for house insurance in New Haven is to make your decision based solely on the price of the policy. You might find a really inexpensive policy, but is it going to provide the coverage that you need when a disaster happens? Do you know how easy or difficult the claims process is with that particular company? Sometimes paying a little bit more for better coverage and a company with a better reputation is ideal for peace of mind. Choose an insurer you can trust, even if that means a higher premium.
Know the Potential Scams
There is a wide variety of scams and con artists in the insurance industry. Before you make a decision on which company or agent to use, you should make sure they are licensed and authorized in the state to sell insurance. Research the company you are considering with the Better Business Bureau to make sure you are getting products and services from a reputable company.
Know the Limits and Exclusions
Every homeowner’s insurance policy is different. That’s why it’s important to know the limits and exclusions in your particular policy. Does your policy allow for actual cash value or replacement cost following a disaster? Is the policy large enough to rebuild your home if it is declared a total loss? Do you have enough coverage to replace all of your valuables? These are just a few things to consider before finalizing your policy so you aren’t in for any bad surprises after something happens to your home.
When you are shopping for the best insurance rates, contact Harrigan Insurance & Financial Services Inc. Our agents do the legwork for you to find the best homeowners insurance policy. Find out more going to our website at harriganinsurancect.com.
