Category: Home Insurance

A Simple Home Insurance Estimates 101 For The First-Time Insured

It has to be done in the simplest terms possible. This is not to suggest that your common or garden or everyday internet readers are incapable of reading well between the lines. But it has to be said and it has been an unfair practice across the world where your general, commercial, personal, domestic and life insurance service providers (across the board) have done a disservice to their markets by resolutely utilizing jargonized or complex financial language which not even the most astute and well-educated readers can understand.

This article therefore takes a vigilant stance, not necessarily as a deliberate attack against those financial and insurance giants out there, in helping new readers with a home insurance estimates 101 in the simplest and easy to understand terms possible to help them to decide on which avenue to take towards their first ever home insurance policy. It goes without saying that this short motivational guide also serves its purposes for those readers who are currently and fortunately still, insured but being hard done by and improperly served by their commercial or domestic insurance agents or representatives.

Here then, are a few bits of advice which should assist you on your way. Try and utilize the services of a professional and licensed service provider who understands consumers’ needs, language use and habits and in an un-biased and easy to understand manner will not be favoring one insurance company over the other. Your qualified agent or broker will be focused fully on an estimate objective that serves your unique personal, material and financial circumstances and needs best. Speaking of which, it is quite alright to be thinking about those material assets that matter the most to you. 

home insurance estimates

But of course, your advisor will be guiding you to behave as rationally and prudently as possible. Be reminded that your house is quite possibly your most valuable asset, in more ways than one. So do make sure that that tangible asset is fully and properly covered, first and foremost. Then you can start thinking about other items such as a pearl necklace, a library of books that you have collected over the years or a family heirloom, all of which won’t be ending your world any day soon, if lost or damaged. But at least you can still be compensated to a fair degree.

In regard to insuring your property, full consideration must be given to the area that you are living in. You will also be considering the property’s location and neighborhood. Two questions come to mind here. First, is the area particularly prone to floods during any given season? And, second, due to its socio-economic status or nearby locations, is your neighborhood particularly prone to regular burglaries?  A number of other questions can be factored in. But if you are unsure, your professional service provider will have an easy to use questionnaire to help you on your way.