You're a statistic. To an insurer, you're not a person; you're a set of risks. An insurer bases its premium on your "risk factors," including occupation, who you are, what you own, and how you live.
Know your home's value. Before you choose a policy, it is essential to establish your home's replacement cost. A local builder can provide the best estimate.
Insurers differ. What seems to be the same product can be priced differently by different companies. Save money by comparison shopping.
Don't just look at the price. A low price is no bargain if an insurer takes forever to service your claim.
Go beyond the basics. A basic homeowner’s policy may not promise to entirely replace your home.
Demand discounts. Insurers provide discounts to reward behaviors that reduce risk. However, people waste money because they don’t ask for them!
At claims time, your insurer isn't your friend. Your idea of fair compensation may not match that of your insurer. Prove your losses so you get what you need.
Prepare before filing a claim. Keep your policy updated, and reread it before you file a claim so there are no surprises.
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