Do Your Homework - HOMEOWNER'S POLICIES, TX
Many times when I'm quoting homeowner's policies, the cost of the premium scares people away. Buying a home is a very tedious process; takes time, money, patience, and more money. Why should insuring a home be any different?
When insuring your family's lifelong memories, one must consider more than what it costs to insure the home, but what it would cost to rebuild in the event of a total loss? Of course nobody wants to think of losing "everything" to a fire or natural disaster, but insurance exists for a reason.
It's never as simple as choosing the lowest bidder. What is the insurance policy actually insuring? Are you getting dwelling foundation and water damage endorsements or not? Most companies (and I'm speaking of Texas) allow you to choose those options when you start your insurance plan (at an additional cost of course), but you can't add it on later should you decide you want it.
Is your home being insured to value (100%) or just to 80% where you are responsible for the other 20% under the co-insurance provision? Do you have replacement cost or actual cash value coverage? What about your loss of use coverage?
All of these are things you definitely need to discover by doing your due diligence, asking questions, and taking your time while deciding on home insurance provider. Price alone is not enough.
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