There are so many things that go into buying a home that have to be tackled and decided on.
Often, securing a good homeowners insurance policy gets lost in the shuffle and people make the mistake of settling for the policy that's suggested to them by their mortgage broker or realtor.
There are major differences in home insurance polices and in order to do a thorough homeowners insurance comparison, you just need to know what to pay attention to.
Once you know what to look for, comparing policies is quick and easy.
1) There are many different types of policies.
Depending on the area you live in, the specific coverage requirements will differ.
(Some people live in places where hurricanes are a danger while others live in flood risk areas.
) Many homeowner policies will not cover certain things that you will end up having to buy a separate policy for.
Make sure the policy you choose is all encompassing and covers all threats to your home.
2) The land that your house sits on doesn't need coverage.
The amount you paid for your home matters when your rates are being determined.
There are homeowners insurance companies that make the distinction between the cost of the home itself, and the cost of the land it sits on.
3) Fees for changing coverage options.
Some companies will charge you a fee for making changes to your policy.
Often, these fees are significant.
Make sure the plan you get does not charge you to change the coverage options.
An example of needing to change the coverage would be, as the value of the stuff in your home goes up, so too should the coverage amounts.
You want to review this every year and increase the amount of coverage as needed.
You shouldn't have to pay anything to do this.