How to Be Your Own Worst Enemy When Obtaining Homeowners Insurance Quotes

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How to Be Your Own Worst Enemy When Obtaining Homeowners Insurance Quotes

How to Be Your Own Worst Enemy When Obtaining Homeowners Insurance Quotes

Sometimes people are their own worst enemies when it comes to financial concerns, especially when obtaining homeowners insurance quotes. Avoid these common culprits likely to result in higher rates, cancellation and other expensive insurance woes:

  1. Lying. Plain and simple, it pays to tell the truth. Remember, the insurance quote is based on obtaining reliable information that will later be verified before putting the full policy into effect. Most new insurance underwriters will send out an agent to take a photo of the property prior to issuing full coverage, so don't elaborate or otherwise make claims that cannot be substantiated.
  2. Wrong Size and Other Bad Information. If you aren't sure about square footage, type of construction, age or other important features of the home it's a good idea to ask in advance or simply tell the agent you aren't sure and then provide your best estimate. Be sure they know it is an estimate so they have an opportunity to follow-up later.
  3. Life Changes. Newly married, a child that leaves home, a teen that has just started driving and even getting a new dog are just a few examples of the many life events that can dramatically influence the prices of your homeowners insurance quotes. The agent is not trying to pry but rather attempting to provide the best coverage for your specific needs.

   

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