Category Archives: Homeowner’s Insurance

The NAIC: “Consumer’s Guide to Home Insurance”

Author & Copyright:  National Association of Insurance Commissioners (NAIC) Why You Need Insurance “Homeowners insurance is an important purchase for many people. There are two major reasons to buy homeowners insurance: • To protect your assets Homeowners insurance covers the structure of your home and your personal property, as well as your personal legal responsibility… Read More »

How large a deductible should I buy on my auto and homeowner’s policies?

The short answer is:  Choose the largest deductible with which you are comfortable that will significantly reduce your premium.  Each of us has a different tolerance for risk which is reflected in our buying decisions, not just insurance deductibles.  Due to inflation of the U.S. dollar, the ‘standard deductible’ has risen from $100 (or even… Read More »

You describe the multi-policy and multi-car discounts as “valuable.” How valuable are they?

The multi-policy discount can add up to a premium saving of five to twenty-five percent per policy, depending on the particular insurance company.  It is a valid inducement for you, the insurance buyer, to purchase all of your policies from a single insurance company.  To not avail yourself of this great cost cutting opportunity would… Read More »

Consumers Can Minimize Homeowners Insurance Non-Renewals, Rate Increases

A new first-of-its-kind independent consumer survey conducted for the Independent Insurance Agents and Brokers of America (IIABA) confirms that non-renewals and premium increases are becoming more common in the current homeowners insurance market.  However, there are significant steps that homeowners can take to protect themselves in spite of these circumstances, says IIABA and its Trusted… Read More »