UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 126958  
Subject: Re: Where to start? Homeowners Insurance... Date: 10/1/2013 4:56 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Most of the standard policies cover fire, storm, and theft, and a lot more hazards including liability.

In some areas you also want earthquake coverage and even flood insurance.

Your agent usually has standard policies available for your area. He can explain what you need or what decisions are needed very well.

Who wrote your condo policy? Did you like your agent? What does he recommend?

Who insures your automobile? Do they offer homeowners insurance? Bundling often means a discount.

I use State Farm, have for years. They are a mutual company, meaning the policy owners, own the company. So profits go back to policy holders rather than to a third party. I think their rates are fair. I have had several claims. They pay promptly. No complaints.

You can name dozens of other companies. Allstate, Farmers, Travellers, Hartford, etc. Ask friends and neighbors what they use. Get competitive quotes.

Yes, replacement value insurance can be best. Of course other policies are cheaper. And you hope you will never have a claim, but if you do, insurance coverage is great to have.

Riders for extra coverage of jewelry or valuables like art or furs or computer equipment, etc are common. You can also get special policies for things like antique cars, boats, airplanes, RVs, etc. Once you raise the issue, your agent can probably guide you through what you need or should consider.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

The American Energy Revolution
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement