Archive for November, 2016
Are you currently thinking about what you need in terms of insurance? If so, you may already have one or more of these insurance types:
- Car insurance
- Homeowner’s insurance
- Life insurance
- Property insurance
- Renter’s insurance
When you initially looked for life insurance, you probably contacted several insurance companies to determine how to get insurance coverage. At that time, you likely requested life insurance quotes.
With your home insurance, you probably asked for free insurance quotes on affordable home insurance as well.
In 2014, ORC International conducted an Insurance Information Institute poll. The information they obtained revealed that 95% of homeowners polled had homeowner’s insurance. It was also found, however, that there weren’t as many renters with renter’s insurance, Only 37% of the renters polled had this type of coverage.
Most home insurance policies will cover home damage that results from storms. This includes damage caused by heavy hail, tornados, and high winds. Additional coverage is usually needed for flood and earthquake coverage, however.
Have you taken an inventory of your possessions? This is needed when you insure your home against theft and damage. When polled, approximately 50% of homeowners stated that they had made an inventory.
While this process may be time-consuming, it’s important to have an accurate list of your possessions prepared. This can be accomplished in a variety of ways, such as with photos and in account books. You can also ask the company with whom you have insurance for their recommendations.
When you purchase a new policy, it’s important to find out what is and isn’t covered. This is one of the many situations where knowing all the details is essential. You want to be certain that you’re covered for a variety of situations, even though they may never occur. In 2012, for example, just 7.2% of homeowners actually filed a claim.
Once you have decided that you need additional insurance services, the insurance company can provide you with all the information you need to choose the right policies for you and your family. Whether you want additional homeowner’s insurance or life insurance quotes for you and your spouse, your insurance services company will be able to assist you with this.