Thread: Procedure for Home insurance?

Katepoet

Sometimes - it depends on the agency's rules. Call the home office of the company and ask. Make sure the person coming really works for them.

Apple

When you purchase a policy, the insurance company wants an appraisal of your house. In the not too distant past, insurance agents were the ones that came to the house and did the appraisal. However, some insurance agents began sub-contracting this to other companies/individuals.

Your age of the home may matter as well. An older home may have some things like knob & tube wiring, or a newer home may have a number of premium features.

rainbowmatrixs

Sometimes.

acermill

It is now becoming commonplace for agents to view both the interior and exterior of homes to be insured, including taking pictures for the insuring firm. Given the losses which the insurers have sustained after Katrina, the CA wildfires, and other natural disasters, they are looking to cut losses, and are getting rather discriminating about what they will and won't insure.

I recently changed insurers and the agent visited my home. I was advised that I needed to repair a loose handrail on the second floor deck before insurance would be issued. There was concern that someone might break through the rail and fall to the ground, causing a payable claim to the insurer.

Sue

I know Allstate usually wants to see the inside of your home. Many others are starting to. Make sure they have proper ID before you let them in the house. They want to make sure there are no fire hazards (stacks of magazines, furniture blocking the exits, etc), that the wiring, plumbing & heating are up to code. They want to see if there are any animals living there, any peeling paint, etc.
Most other things they want to know they can tell from the outside.

Joey m

That is not usual unless your home and the insurable contents have a very high value.

Queen B

that is very rare. most companies send out an inspector to make sure the home is occupied and to look for any existing damage to the outside of the home. i do not know of any company that goes inside the home, but i see from another agent that allstate does this. i have to be honest, i would call my agency and verify this through them before i let them in my home.

Basic Home Owner Insurance definition

This definition of Home insurance policy is which covers your home and other structures of your property such as furniture, appliances and clothing against fire and theft. You can also define Home Insurance is an insurance that joins both insurance inside your home furniture etc and also often extended to your personal possessions some home insurance also cover for accidents happened inside your home.

Estimated Cost of Home owner insurance

If you assess about the homeowner insurance cost, and it is normally determined on the basis of several factors. If you call up an insurance agent dealing with Homeowner insurance, he might come up with certain set of important questions for you to answer.

Most of the insurance agents may ask a set of questions you have to be prepared for answering those agent questions.


List of Important questions, Homeowner Insurance agent will ask you.


Q.1 -Do you own this property or you are in rental?
This question helps the insurance agent to understand the exact requirement of the individual who is going to take Homeowner insurance. Through which he can analyze the direction and cost. Because if you are in a rented home, you don’t need coverage compared to a real Homeowner.


Q 2 -Your preference on your liability coverage over your furniture, appliances and your possessions?
It ‘s an insurance, which covers the cost of your property damage, and also it covers all the costs to any physical problems that may arise to the insurer and his/her property.


Q3 – What is the exact estimation of your valuables and possessions
This question help determine about the home owner insurance cost there is also a facility of getting a floater policy , if you have many valuables and possession you can also go and get a floater policy.


Q4 – How many people live in your home?
This above question help to calculate how many people are living with you and you own any pets these data helps determining the owner insurance cost.


Q5.What is the Current Condition of your home?
This is also an valuable data for an insurance agent to determine the cost of insurance because if your home is well maintained the cost of your insurance that you are going to pay is less cost for your insurance.This is very important question which determine the extent of coverage.


Note:
The above insurance faq is only applicable to US and UK insurance companies, if you are living in another country this home insurance faq will drastically change according to each insurance company in other countries.

Hi,
I do agree with the administrator of this forum. First you ask which companies offer a specialized policy for your type of business, they all vary a little. And what if your insurance agent makes a mistake? Check that they have something called 'errors and omissions coverage'. You don't want to pay for their blunder. Discover which trade divisions they work for, and who the top clients are. It may be possible to get a reference, although this is not usually necessary.

Hi,,,
I agree with the admin too. Rather than directly going to the companies I advice you to consult this issue with an individual agent.May be he can offer better solution to the existing problem.