Home Insurance

How to File a Home Insurance Claim: Top 6 Steps

Nobody ever wants to have to make a home insurance claim. But if you ever need to, you’ll be glad you have coverage. Whether you’re dealing with water damage from a storm, an injury on your property or even burglary, homeowners insurance is there when you need it.  According to a Consumer Reports study on home insurance claims, about 41 percent of people with claims over $30,000 encountered an issue. In fact, compared to other types of insurance, home insurance claims are the most likely to be rejected. Having an insufficient coverage level accounts for a large portion of these denials. The prospect of actually filing a claim, though, can seem overwhelming. Make sure to follow these steps to help the process go as smoothly as possible. Home Insurance Claim Steps Call the Police If Necessary If you were the victim of a crime such as personal property damage or…

Understanding Home Insurance Coverage

Whether you’re a first-time homebuyer or someone looking for different home insurance coverage on the house you’re already in, comparison shopping is key to getting the homeowners insurance at a fair price. After all, insurance adds to the monthly cost of home ownership and needs to fit comfortably within your overall budget. Here are some basics for anyone seeking home insurance coverage. If You Have a Mortgage, Home Insurance is a Must When you buy a new house, your lender will require home insurance to complete the loan. As long as your lender holds the title on your home (i.e., until you pay off your mortgage) insurance needs to stay current. You can change providers, but you need to keep your home insurance coverage up to date to protect your lender’s investment. Homeowners Insurance Coverage Basics Insurance policies involve painstaking detail that can leave anyone feeling lost. Here are some…

How to Find the Best Homeowners Insurance in Kansas

The national average for homeowners insurance premiums is $1,083 but the Kansas average is nearly $500 higher at $1,548. Kansas ranks second in the nation for tornados each year and tornados account for a major share of catastrophe losses because of their frequency but it is the wind and hail damage that really impact the price Kansans’ pay for homeowners insurance. Because of the regularity of wind and hail racing across the Kansas plains, it’s especially important to have thorough homeowners insurance coverage. There were more than $808 million worth of insurance claims issued in Kansas last year. It’s clear there are plenty of severe weather events that require widespread homeowners insurance protection. Find the Best Homeowners Insurance in Kansas Shopping for a great homeowners insurance policy in Kansas doesn’t have to be challenging. Your SelectQuote agent will work with you to find a home insurance policy that works best…

How to Find the Best Homeowners Insurance in Georgia

As the country’s top producer of peanuts, pecans and peaches, Georgia knows a thing or two about delicious treats. But what isn’t so sweet is the cost of homeowners insurance in Georgia. The average homeowners insurance premium in Georgia is $1,200. The national average comes in at $1,083. Having the right homeowners insurance in Georgia is essential. Higher than average homeowners insurance premiums in Georgia may be attributed to devastating weather events. Because Georgia has more than 2,000 miles of coastline, it is in a prime location for hurricane and wind damage to homes. Sea level is rising more rapidly in Georgia than along other coast because land is sinking. Combined with an increase in intensity in tropical storms over the past 20 years, Georgia residents have some strikes against them when it comes to the price to pay for homeowners insurance. It’s important to protect your home and its…

Best Homeowners Insurance in California

Homeowners insurance in California is important protection for your home and its assets. It’s an expense that also impacts your budget. The national average for an annual home insurance premium is $1,083. In California, the average annual home insurance premium is $1,000.  Californians are used to paying more for things but the average homeowners insurance premium is slightly lower than the national average. However, that is changing. The surge in wildfires is contributing to increase in insurance premiums. According to Verisk’s 2017 Wildfire Risk Analysis, 2 million home were classified in California at high or extreme risk of wildfire. Wildfire losses added up to more than $5 billion over the past decade. As the state with the largest population, California is home to several large cities and varied landscapes, including mountains and desert. In addition to wildfires, earthquakes, drought, landslides and flooding are natural disasters that can impact home insurance…

Best Homeowners Insurance in Texas

The adage everything is bigger in Texas also includes homeowners insurance premiums. Homeowners insurance in Texas are among the top 10 most expensive in the United States. Homeowners insurance in Texas is important protection for your home and its assets. In Texas, the average annual home insurance premium is $1,937. That figure is quite a bit higher than the national average for an annual home insurance premium of $1,083. High homeowners insurance premiums in Texas can be attributed to an abundance of severe weather events, including floods, tornados and even hurricanes that punished the state over the last few years. Texas falls behind California as the second largest economy in the United States. The economic impact of natural disasters, such as 2017’s Hurricane Harvey, totaled $190 billion. With a large land area and the second most populous state behind California, the Texas countryside and cityscapes vary from arid in the…

How to Find the Best Homeowners Insurance in Missouri

The national average for homeowners insurance premiums is $1,083 but in Missouri, the average insurance premium comes in at $1,280. Missouri’s geography in the center of the U.S. lends itself to its fair share of natural disasters in the form of ice storms, tornados, floods and wind and hail. All of these weather events impact the price Missouri residents pay for homeowners insurance. Weather incidents accounts for more than half of all homeowners insurance claims across the country. In Missouri, it is the wind damage, frozen pipes that burst, roof leaks and ice dams that contribute to home damage that may require help from homeowners insurance. Missouri residents are familiar with extreme heat and cold that impacts residents across the state every year, which contribute to the need for purchasing a solid homeowners insurance policy. Find the Best Homeowners Insurance in Missouri In Missouri, when you need homeowners insurance, let…

Do You Need Flood Insurance?

Anyone who has watched the news of a major hurricane or another intense storm has seen the aftermath of flooding. According to the Federal Emergency Management Agency (FEMA), flooding is the number-one natural disaster in the United States. So, how do I know if I need flood insurance over and above what my current homeowners policy covers? Given flood’s #1 status, you might assume a lot of people have flood insurance—but that’s not the case. FEMA statistics from the National Flood Insurance Program show there are more than 5 million flood insurance policies in effect, nationwide. Just one inch of water in a one-story, 1,000 square-foot home can cost more than $10,000 in damages. FEMA has a cost-of-flooding tool to get a ballpark idea of what a little bit of water might mean for your home. How to Be Sure You’re Insured Against Flooding Just because you have a homeowners insurance…

How Much House Can I Really Afford?

Turn one calendar page and it’s spring – prime time for the housing market to open exciting new doors after a long winter lock-down. But before you contact your real estate agent, stop and ask yourself “how much house can I afford?” Dreaming of luxury kitchen appliances, soaring ceilings, spacious walk-in closets, granite countertops, wood floors and a three-car garage means it’s time to house hunt. But before you contact a real estate agent, stop and ponder this question: How much house can you really afford? A little homework ahead of your house hunt will help you set realistic expectations, save you time and ultimately land you in the right place without making you “house poor.” Increasingly, financial advisors recommend using the 28/36 rule to help determine how much house you can comfortably afford. Ramit Sethi, in his bestselling book, “I Will Teach You to be Rich,” spells out how…

Shopping for Homeowners Insurance? What you Need to Know

Whether you are purchasing your first home insurance policy or seeking to update your coverage, talk with your SelectQuote agent to make sure you’ve got your bases covered. Things may seem complicated, even with a basic understanding of how home insurance coverage works. It makes sense to have questions for an expert when you shop for homeowners insurance. Here are five important questions to ask your SelectQuote agent about homeowners insurance. Does my homeowners insurance policy cover replacement cost or the actual cash value? Insurance agents strongly suggest replacement cost policies. However, some homeowners purchase actual cash value policies because they cost less. Saving money upfront may cost significantly more in the end. Actual cash value policies figure in depreciation so you won’t get the same amount back you paid. Sue Callies, regional coaching manager at SelectQuote explains if you choose cash value and not replacement coverage and have to…

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