Persuasive Speech On Home Insurance

Alright folks, chances are you’re either thinking about buying a home, are in the purchase process, or already own a home. You know by now the importance of keeping up with regular home maintenance. Same thing goes for homeowners insurance, although, most people don’t show their insurance the same level of attention that they show their home. Regardless of how new you are to home ownership, it’s easy to forget or overlook your homeowners insurance policy details. Don’t fret, we’re here to help get Covered with confidence ™!

We’ve put together a comprehensive guide of all things homeowners insurance to help you make more informed decisions when it comes to selecting insurance coverage.

Coverages in a homeowners policy – what is it, and when

For example, if you have a dwelling coverage limit of $200,000 and your coverage for personal property is limited to 50% of your dwelling, your coverage for personal property would be $100,000. Is this enough for your personal property ie the value of your possessions? Or should you add additional coverage because of that expensive piece of art or collection of coins? Check your policy and choose your limits for personal liability and medical payments according to your current

If it’s more than two claims, your premium might be twice as expensive as someone who hasn’t filed claims. We realize accidents happen, but if you can maintain your home and avoid claims, you’ll be much better off in the long run.

Factors affecting your premium regarding your home include:

• Cost - The cost to replace or rebuild your home, which isn’t the same as the purchase price.

• Material – Is your home made of wood or brick? Brick homes are usually cheaper to insure than wood homes.

• Fire Department – How close is the nearest fire department or fire hydrant?

• Age and Condition – Premiums are often higher for older homes and homes in poor condition.

• Claims – The claims history of homes in your area affects your premium. Do you live in an area that has extreme weather? Increased claims in your area will increase your annual premium.

We can’t consider ourselves “The Ultimate Guide” without discussing other factors that affect your premium. These are factors that we at Covered like – DISCOUNTS! Make sure you’re receiving the maximum amount of discounts.

DISCOUNTS -

• Bundles – We already mentioned this but it’s the #1 way to save a significant amount on insurance, so it’s worth mentioning it again. Click here to get a bundle