In the days prior to Hurricane Katrina cheap homeowner insurance was the norm rather than the exception.
After the devastating storm, lots of insurance firms became incapable of meeting their end of the policy bargain.
The resultant effect of this is that it is prohibitively expensive to secure a comprehensive homeowner insurance that pays off.
The cheap homeowner insurance scheme is such that what you pay for is what you get.
While Katrina suffers the most blame for the continual demise of cheap homeowner insurance, it is of importance to realize that quite a number of incidences have also resulted in situations where people with such covers were not paid either.
Of note are the bushfires of California and the Midwest floods.
To say the least, it is a fact that many insurance firms have been forced to scrap off their cheap homeowners insurance businesses.
As such, the number of firms that are still offering the same is quite limited.
If and when you locate such firms you will notice that this insurance is not being offered wholly but rather in bundles.
These bundles carry 'mixed services' and as a buyer it will be best if you go over each of these before settling on a package that serves you best.
To help you out in the singling out of these firms you can use rating systems that are available on the internet.
You will obviously settle for a firm that has received a rating of either an A or A plus.
Another way of ensuring that you get the best service providers will be to make use of insurance broker services.
Brokers are market savvy and will be able to get you the most competitive rates for what you require.
Collect as many quotes and compare them against each other.
As soon as you have found what you like and signed the requisite papers you have to get a proof of coverage from the broker - no assumptions here.
Deductibles are another area of most concern.
Consider these carefully knowing that higher deductibles translate into less insurance cover.