Whether you’re closing on the purchase of a home or trying to reduce insurance costs, getting home insurance quotes tops your to-do list. But, before you pick up the phone or go online to shop for homeowners insurance, do your homework. Having information about your house readily available saves time when speaking with an agent or filling out forms online.
While no one likes to spend time researching or paying for a product they hope never to use, protecting your financial future and one of your most significant investments – your home – is priceless. Lets review what you’ll need to receive your free home insurance quote. The more prepared you are before you start, the faster the process will be.
Shopping For Homeowners Insurance
Sue Callies, regional coaching manager at SelectQuote, recommends obtaining at least three home insurance quotes to compare. She explains an accurate home insurance quote takes about 30 minutes – providing you answer all of the interview questions and share details about past claims. It might take 40-45 minutes for the best pricing if you want bundled home and auto insurance quotes.
While your goal is to save money with the best homeowners insurance possible, finding the time to shop and compare policies wont be easy. Calling multiple companies, will take a few hours between gathering information and working through the process.
This is where choosing SelectQuote comes in. After talking with a licensed agent, you’ll receive three top offers right away. SelectQuote shops multiple highly rated insurers at one time. Thats one call for you – not 20. It might be the best hour you spend shopping all year! Because SelectQuote only uses A-rated companies you dont have to be concerned about sacrificing coverage for better prices either.
What Information Do I Need For a Home Insurance Quote?
To start a free home insurance quote, you’ll need to answer a series of question. Some will be for identifying information and others about the home and personal belongings you want to insure.
For a direct comparison of the home insurance quotes you receive, give each insurance agency the same information. Its easier to do that if you have it sitting right in front of you.
Questions you’ll need to answer to design a quote include the name and birthdate for each applicant, the number of people living in the home, and the length of time at your current residence. If you run a business from your home, you’ll receive questions about it as well.
Your insurance history can affect your home insurance quote. If you have any recent losses, youll be asked to disclose them along with your current insurance carrier and dates of coverage.
Information About Property You Want to Insure
In terms of property, you need to supply the address, the type of residence you are insuring (primary or secondary/seasonal) and the start date of home insurance coverage.
The following information may be requested to build your free home insurance quote:
- Year the home was built
- Number of stories
- Finished square footage
- Number of bathrooms
- Detached structures (garage, shed)
- Wood stove or fireplace
- Roofing and exterior wall materials and condition
- Backyard pools or hot tubs
- Safety features (security or sprinkler systems, alarms)
- Proximity to a body of water
- Distance to the nearest fire hydrant/fire station
- Recent improvements/remodeling
- Dog breeds
Dont panic if you’re buying a home and dont know all of the answers. The property listing likely has most of the required information, and your real estate agent should be able to get any additional answers you need.
Homeowners insurance not only protects the physical structure, but it also insures your personal belongings. Determining the level of coverage you need to replace your belongings in the event of a loss is also part of a home insurance quote.
Your SelectQuote agent will talk to you about the differences between actual cash value and replacement cost coverage for your home and personal property. They will also help you determine whether you need higher levels of coverage for more valuable assets such as jewelry or collectibles.
Should I Choose the Lowest Homeowners Insurance Quote?
After you get your free home insurance quotes, its time to make a decision. If the lowest-price quote has the protection you need to insure your home or your home and auto, then saving money by choosing that product makes sense.
But Callies warns customers who contact different insurance agencies or obtain online quotes to look carefully at the coverage and deductibles offered. Does the cheaper policy include actual cash value or replacement cost? Are the deductibles the same as in the other quotes you received?
Dont assume all of the information you provided is accurately reflected in the quote until you double check it. You dont want to find out that choosing a cheaper policy was a big mistake when you need to make a claim or suffer a catastrophic loss. If one quote seems too good to be true, theres probably a reason for that. It likely includes less coverage and/or higher deductibles.
Call SelectQuote For a Free Home Insurance Quote
A licensed SelectQuote agent will advise you on options that meet your needs and budget, while offering the protection you deserve from homeowners insurance. SelectQuote delivers multiple quotes for auto and homeowners insurance in the time it takes you to obtain just one.
While youll be asked to provide a lot of information to get the best price on home insurance, you should ask your agent questions too. Its important you understand the need for home insurance and the different parts of your homeowner’s policy. You’ll also want to understand the impact of changing deductibles and making claims.
Review your homeowners insurance policy annually to ensure it still meets your needs and provides protection for any major purchases or updates youve made to your home.
A SelectQuote agent is available to walk you through your options so you can make the best choice for you.