Your Daily Real
Estate Blog
From
Supreme Manor
Real Estate Services
How to Select
a Home Insurance Agent
When
you buy a home you'll likely be required to provide proof of homeowners'
insurance prior to closing, and it can be tempting to buy the first policy you
review just to save time and avoid stress. However, you could be setting
yourself up for many problems down the road if your policy doesn't offer the
coverage you need. Here are the instructions that you will need.
1. Ask you real estate agent who she/he
recommends.
Many
real estate agents work directly with a homeowners' insurance agent, who can
sit down with you and review what type of coverage you need. However, don't
feel like you have to use this company just because it's what your real estate
agent recommends.
2. Shop
around for the most coverage at the best rate.
After
speaking with the homeowners' insurance agent recommended by your real estate
agent, you should have a good idea of the type of coverage you'll need. This
can be a time-consuming process so plan to call around to different companies
when you have a couple of hours free.
3. Check
for special discounts when you're shopping around.
Some
companies offer discounts if you install a security system or buy a car
insurance policy, as well. Some homeowners' insurance companies also offer a
senior discount, so be sure to ask if you think you might qualify.
4. Answer
questions honestly when you're getting rate quotes.
You'll be asked very specific questions about the
home's square footage, age of appliances, roof, heating, plumbing and
electrical systems, and the value of your possessions. You'll receive the value
of what you report to the insurance company if your home is destroyed, so it's
important to be as accurate as possible.
5. Add a
clause for your valuables, such as jewelry and electronics.
The types of valuables you're insuring could affect
your rate, so be sure to ask the insurance agent specifically about the items
you want covered and the cost to do so.
I hope this information is useful.
Should you need assistance with any of your real estate needs,
please contact Supreme Manor Real Estate Services 773-881-9224. Feel free to visit us on our website or any
of our social media sites.
Have a Supreme Day!
Sheila M. Wilkinson-Sanders
Managing Broker/Owner - CPA, GRI, CNC
Supreme Manor Real Estate Services
1840 West 95th Street
Chicago, IL 60643
(773) 785-0127 Direct
(773) 797-9640 (fax)
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