Tips for finding the best home insurance for your needs

Tips for Finding the Best Home Insurance For Your Needs

Home is where we share our joys and sorrows. Find the best home insurance quotes to protect your property, house contents, and loved ones from theft, fire, and other disasters. Home insurance is not mandatory by law, but most mortgage holders and banks will require evidence of insurance before lending you money to purchase a home. 

Home insurance not only covers the property and contents, but also includes a portion of liability insurance that protects the policyholder, spouse or partner, and dependents under the age of 18. Dependents under the age of 21 are also covered if they are students living at home, or temporarily living away from the insurance primary residence. 

When you get quotes for homeowners’ insurance, ask about discounts for the following:

  • Homes with monitored intruder alarms and smoke detectors
  • Senior citizens
  • Newer homes
  • People who never claimed for insurance
  • Membership or employment with particular organizations
  • Loyalty or multi-lines discounts for existing insured clients. 

Tip: Keep your home insurance current by reporting upgrades or material changes.   

What goes into a home insurance quote?

There are different types of home insurance, including comprehensive, broad, standard (named perils), and no-frills policies. When researching homeowner insurance quotes, examine the details of what is included and excluded. Are you wondering what influences a home insurance quote? Let’s take a closer look at just some of the factors.

Home. What type of residence do you have? Is it a single or family home, apartment, condo, or rental property? What construction material is it made of? What is the age, size, and location of the house? What type of heating, plumbing, electrical and roofing systems does it have? What is the replacement value of the home? What are the safety and security features, and were any improvements made?    

Location. Is the residence close to a fire hydrant and fire station? What is the crime rate in the neighbourhood? Are there more natural disasters in the area?   

Other factors. What are your credit score and claims history? Do you work from home?

What does homeowners insurance cover?  

As mentioned, homeowners’ insurance covers liability. Let us take a closer look at what your quote for home insurance covers regarding the property and its contents. There are four coverage elements.

  • Dwelling (foundation, flooring, windows, doors)
  • Detached structures (shed, garage)
  • Home contents (televisions, fridges, freezers, furniture, clothing. Computers, bicycles, sporting equipment, jewellery, fine art, and others might have special limits.)
  • Additional living expenses (if you are temporarily unable to live in your home due to an insured loss.)  

Home insurance is not business insurance unless home-based business coverage is specifically included. If you do not advise your insurance company of your home-based business, the home insurance could be compromised.

How to compare home insurance quotes    

With an online service provider such as Zippo Insurance, you can get a house insurance quote from the convenience of your kitchen table or patio. When comparing quotes, one of the aspects to consider is the quality of service offered by each insurance company. It is better to pay a little more on your premium, and have a relatively problem-free claims experience, than a low premium and struggle to have claims paid out

Deductibles are the amount of an insured loss you must pay, when claiming against a house policy. With each quote, decide whether you prefer a high deductible/low premium or low deductible/high premium option, and draw a comparison between all the quotes. And finally, ensure you compare the coverage each service provider offers. If they are not similar, ask for more quotes.  

Zippo Insurance wants to make the most beneficial insurance plans accessible to all. That is why we offer an online service where you get personalized, competitive quotes in under five minutes. Do you own rental property or a vacation home? We can help you source quotes for rental and vacation property insurance. For quality home insurance quotes, contact Zippo Insurance online today.