Home Insurance Agencies

 Beware of Hidden Costs 

Yes, home insurance agencies will drop you at any given time without cause. Insurance companies will deny you coverage due to insufficient evidence of fraudulent activity on your part. For instance, a deliberate false claim on your application could negate the entire coverage of the policy. The best way to avoid this is to request to have copies of any receipts or invoices for repairs or items that you may need during the year. Be sure to keep those records for your own records if necessary. 

  

Home insurance agencies will also consider your credit rating and history. If you file bankruptcy within the past five years, you are most likely on the high end of the scale when it comes to credit. Home insurance agencies will not want to cover you for fear of future damage or theft from you. You should not allow your credit score to deter you from buying your next policy, either. A low credit score could very well save you hundreds of dollars over the life of the policy. Most companies will offer you the option to add extra protection by adding additional features to their policies. Most policies require some sort of collateral, but you can choose additional security that will make your policy even more valuable. Talking to different home insurance brokers and finding the appropriate policy for your home is the best way to go. 

  

When you talk with other homeowners, be sure to ask them what additional insurance companies they use, especially if they feel they are being taken advantage of. Many homeowners are reluctant to discuss this matter with a stranger, so try to remain polite and courteous at all times. Most people are not aware of these hidden facts about home insurance agencies. It is best to leave it to the professionals to find the best rates possible for you.