Archive for March, 2012
Home and automobiles are two items in your life that needs to be insured as well as your life. There are a few things you need to think it through while arranging coverage for your home. Liabilities are the first thing to put in the basket. Then you will need to buy coverage for fire, floods and any other natural damages. If you are living in a high risk area you may see this affecting your premiums.
You will also need to consider insuring your contents. They may be damaged during a fire at the house or get stolen. You need to consider how much is the value of your content. Special attention should be paid to valuables like jewelry and electronics. Some companies would want the list of items over a certain value. Others may even want to see a receipt of a picture of it. Unless, you have a few items like valuable jewelry and painting this should be fairly straightforward.
Insuring a house and apartment can be different in some ways. When you are insuring a home with single family occupancy you can decide on the types of coverage and you only need to consider its rebuilding costs. You can buy one policy that will include your home and its contents.
However, an apartment may be insured for bricks and mortar by the management company as a whole block with the rest of the apartments. You should always ask for a copy of that policy since you have an interest in it. Then, you will need to buy a separate policy to cover the content of the apartment.
Policies vary depending on who will live in the property. When it is occupied by the owner you can buy a homeowner policy and be done with it. When you are planing on renting the property you will need to buy property owner insurance with additional liabilities to cover you for any claims that may come from renting the property.
Today there are policies that can insure your home and cars under one policy. This would be a good option if you like to keep them all in one place, have one renewal and one payment to make. You can check if they are available and reasonably priced in your state. Alternatively, you can insured them with the same company and save money. Most companies offer additional savings when you buy more products from them.
Of course you will need to consider your automobile insurance needs as well. There are good package policies on the market that you can buy to cover all the auto owner liabilities, collision and comprehensive. They are quick to buy and they may be comprehensive enough for you. Otherwise, you will need to look at customizing it to meet your special needs. This could be arranged and possible with most companies.
These two assets may be all you have got and you want to be insured by a reputable company. This shouldn’t be a problem either since you have several great companies in any given state. If you ever need help in arranging these policies should not hesitate to contact an independent broker.