Monday, March 23, 2009

Steps Should Do Before You Buy The Home Insurance

By Mei Ling Lin

When you going to purchase a house, you may hear from your friends talk about the home insurance or buy the policy. What is in the standard homeowners’ insurance pollicy? It includes four types of coverage.
1. Coverage for the structure is the most important part of the policy because it covers damage to your house fire, storms, and other disaster. For example, if your home burns to the ground, you will have adequate funds.
2. Coverage for contents is covering the cost of replacing your personal belongings if they are stolen or lost in a fire or other insured disaster. The limit is about 50% of the value of the structure of the home.
3. Liability protection, which covers damage to other people’s property, such as, damage other person’s home cause your fault, or personal liability, or medical expenses for injuries suffered by others.
4. Reimbursement for additional living expenses. For instance, the fees that you paid for hotel bills, because your home is fire and you need to move to hotel. However, when you buy the home insurance, should go to shop around because the price is vary.
Few steps can help you to get a better deal for the home insurance, when you decide to buy the home insurance.
1. Shop around
2. Raise your deductible
3. Don’t confuse what you paid for your house with rebuiling costs
4. Buy your home and auto policies from the same insurer
5. Make your home more disaster resistant
6. Improve your home security
7. Seek out other discounts
8. Maintain a good credit record
9. Stay with the same insurer
10. Review the limits in your policy and the value of your possessions at least once a year
11. Look for private insurance if you are in a government plan
12. When you’re buying a home, consider the cost of homeowners insurance

source #1 #2 #3


  1. Thanks for this useful post. Really appreciate it. House insurance is a really a debatable issue under this economic down slide. I have bookmarked your blog. And I would sharing with my friends on facebook. Cheers mate.

  2. Thanks for the great post. I'll be more than happy to answer any questions or feedback your readers might have

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