September 18, 2009, Newsletter Issue #21: Are Lower Rates Always Better?

Tip of the Week

When making home insurance comparisons most people tend to be drawn immediately to the company that offers lower rates. Why not? This is understandable and there is nothing wrong with it. Just don’t make a hasty decision before having all the facts about each provider. That is where you can get into trouble.

Everyone wants cheap home insurance in the financial cost sense. But you do not want “cheap” home insurance in the sense that your coverage is severely limited and does not offer the protection you need. So make sure that the low rates don’t blind you to the other things that should be helping to form your decision.

If you look hard enough you should be able to find a company and insurance policy that is in both your price and coverage range. Top homeowner’s insurance companies can provide this. Because spending less now is well and good, but not if you have to pay a lot more down the road.

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