While every home is different, the insurance coverage by state could be different as well. There are many weather conditions that may be typical for one area but are out of the ordinary for another. Tornadoes are common in the Midwest but may not be common in the Northeast area. It’s not to say they would never happen, it’s just that it wouldn’t be expected.
Getting New Jersey homeowners insurance quotes will be much different than getting homeowners insurance quotes in Kansas. So what do you need to ask your insurance agent when you are getting quotes on your homeowners insurance?
- What coverage is considered mandatory? If you live in a high flood area is it mandatory that you add flood insurance to your policy?
- How soon after you sign up will your insurance coverage be in place? If you sign up for your insurance in the morning and someone robs your home that evening, will your personal possessions be covered? Is there a waiting period? How long does it take to process the paperwork?
- Do they offer any bundle discounts? Ask the insurance agent if you can save money by bringing your automobile and life insurance to this company as well.
- What is this company’s rating? All insurance companies are rated by A.M. Best so you have some idea of the quality of the company you are dealing with. Just as the grading is at school, an A rating is at the top of the list.
- What other kinds of discounts does this insurance company offer? Are there discounts for being retired? Can you save money by having a security system installed?
- Find out in advance if any structures that are not attached to your home are covered under your policy? Sheds and carports could be damaged during a storm so it would be good to know in advance if they will be replaced.
- Will your insurance policy cover any expenses you have to pay out of pocket if you are displaced during a major storm? This should be spelled out in advance so you know exactly what your coverage contains.
- What do you need to know about insuring your personal possessions? If you have recently purchased a piece of jewelry but didn’t call it in yet, would it be considered covered?