May 22, 2009, Newsletter Issue #4: Insurer's Annual Statements

Tip of the Week

Any company that provides homeowners insurance must file an annual statement with the Department of Insurance in every state in which they are licensed. This statement is a summary of the company’s financial operations for the most recent year. It should also include a balance sheet.

Checking your state’s Department of Insurance Web site for this information is always a good practice. You can then have this statement open side-by-side with online home insurance quotes. You can see how the company is doing financially and what they are willing to offer you at the same time, and then make your decision.

Do this for each company you are considering and you can not only compare their rates, but also their stability. Then you’ll be more comfortable to buy home insurance online. If either piece of information raises questions or concerns, contact the insurer and get the clarification you need in order to be comfortable making your choice.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Home Insurance Tip Site? Request a Tip Now!


Guru Spotlight
Byron White