How To Buy Home Insurance
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Joseph Kenny
Mar 23, 2013, 7:54:16 AM3/23/13
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Joseph Kenny
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Article Title: How To Buy Home Insurance
Author: Joseph Kenny
Word Count: 582
Article URL: http://www.isnare.com/?aid=148038&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=148038
Easy Publish Tool: http://www.isnare.com/html.php?aid=148038
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Before you can settle on that house you want to buy, you will have to provide proof of home insurance. Your lender will require it, and truthfully, it is in your best interest - unless you can afford to buy another one with cash. Like any other product, though, there are a wide variety in prices and content, so it will pay you to shop around. As you do, here are some things that will help you choose a good one.
Calculate How Much Insurance Is Needed
Before you even start to find out how much home insurance will cost, you need to know just how much you need. This means you will need to take several things into consideration in order to arrive at how much you need - or want. You will buy home insurance at different levels of protection. Some policies may only cover loss in the event of a dozen possible situations, but more expensive ones may provide for 18 or more types of potential disasters.
There is also a difference in covering a home's value and providing a replacement value and you will need to select one or the other. Generally, if you insure the value of your home, you will only receive up to that amount. If your home or possessions, however, are replaced - this is better. For instance, assume you had a wide screen TV that is now 5 years old. By choosing to receive the value, you would only get the equivalent of a 5-year-old wide screen TV. Replacement value, on the other hand, would ensure that you received a new wide screen TV of about the same cost as what you paid for the original one.
In order to cover the value of the contents of the house, this will mean a careful inventory. For best results, it means using a digital camera, or movie camera and go through the house completely. Get each item so that the quality of the item can be seen - not just described. Also, go through the closets, the cupboards and everything.
Shop Around
Once you calculate how much home insurance you need, then you need to shop around. Many homeowners do not take the time to look around at the various offers and end up paying much more than is necessary. Some home insurance companies will charge a lot more for the very same product. By getting several quotes first, you will be able to pick and choose not just the cheapest one - but the one that actually will be the best for your situation.
Consider Buying From Your Car Insurance Dealer
This could be a good way to knock off a few more bucks each month. Most insurers will give you a discount if you carry more than one policy with them. Before you sign, though, you still will want to do a comparison with offers from other insurers. It still may be possible to find a much better deal some place else. You will never know how much
you could save each month, until you look around.
After you get your estimates, you may need to make some adjustments in order to bring the cost down. Be sure that you do not add the value of the land (no one is going to steal it), and you may want to increase your deductible up to $1,000.
About The Author: Joe Kenny writes for the UK personal finance sites http://www.insure121.com and also http://www.nationsfinance.co.uk/insurance/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=148038
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Joseph Kenny
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=148038
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=148038
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: How To Buy Home Insurance
Author: Joseph Kenny
Word Count: 582
Article URL: http://www.isnare.com/?aid=148038&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=148038
Easy Publish Tool: http://www.isnare.com/html.php?aid=148038
*********************** ARTICLE START ***********************
Before you can settle on that house you want to buy, you will have to provide proof of home insurance. Your lender will require it, and truthfully, it is in your best interest - unless you can afford to buy another one with cash. Like any other product, though, there are a wide variety in prices and content, so it will pay you to shop around. As you do, here are some things that will help you choose a good one.
Calculate How Much Insurance Is Needed
Before you even start to find out how much home insurance will cost, you need to know just how much you need. This means you will need to take several things into consideration in order to arrive at how much you need - or want. You will buy home insurance at different levels of protection. Some policies may only cover loss in the event of a dozen possible situations, but more expensive ones may provide for 18 or more types of potential disasters.
There is also a difference in covering a home's value and providing a replacement value and you will need to select one or the other. Generally, if you insure the value of your home, you will only receive up to that amount. If your home or possessions, however, are replaced - this is better. For instance, assume you had a wide screen TV that is now 5 years old. By choosing to receive the value, you would only get the equivalent of a 5-year-old wide screen TV. Replacement value, on the other hand, would ensure that you received a new wide screen TV of about the same cost as what you paid for the original one.
In order to cover the value of the contents of the house, this will mean a careful inventory. For best results, it means using a digital camera, or movie camera and go through the house completely. Get each item so that the quality of the item can be seen - not just described. Also, go through the closets, the cupboards and everything.
Shop Around
Once you calculate how much home insurance you need, then you need to shop around. Many homeowners do not take the time to look around at the various offers and end up paying much more than is necessary. Some home insurance companies will charge a lot more for the very same product. By getting several quotes first, you will be able to pick and choose not just the cheapest one - but the one that actually will be the best for your situation.
Consider Buying From Your Car Insurance Dealer
This could be a good way to knock off a few more bucks each month. Most insurers will give you a discount if you carry more than one policy with them. Before you sign, though, you still will want to do a comparison with offers from other insurers. It still may be possible to find a much better deal some place else. You will never know how much
you could save each month, until you look around.
After you get your estimates, you may need to make some adjustments in order to bring the cost down. Be sure that you do not add the value of the land (no one is going to steal it), and you may want to increase your deductible up to $1,000.
About The Author: Joe Kenny writes for the UK personal finance sites http://www.insure121.com and also http://www.nationsfinance.co.uk/insurance/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=148038
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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