How well do you understand your home insurance policy? In the event of a fire, storm damage, or other unexpected event, will your home and personal property be fully covered?
These are the types of questions your home insurance agent should be able to answer for you. In this post, we’ll take a look at three major questions to ask your agent.
1. What Risks Am I Currently Exposed To?
Your home insurance agent should be able to help you understand the loopholes in your current policy. For example, will you need separate flood insurance to cover your property and possessions? The Ohio River flood in 1997 led to evacuations and caused significant damage after heavy amounts of rainfall caused the river to rise. If something similar occurred now, would your home insurance policy cover the cost of rebuilding your home and replacing your possessions?
It’s important to understand what is–and isn’t–covered in your home insurance policy. In the event of total loss, will your policy cover the cost of rebuilding? Is mold damage covered in your policy? What are the limitations of your coverage?
2. How Often Do You Shop For Me?
What is your home insurance agent’s process? Do you have to contact your agent to remind him or her to compare policies for you? How frequently does your agent check into your policy? Is there a system in place that helps your agent make sure that you are getting the best policy for your money?
3. Can I Combine and Save?
Sometimes combining policies such as home and automobile insurance can save you big bucks. Has your agent helped you look into the possibility of combining your policies?
Whether or not combining your coverage makes the most sense for your circumstances, you may qualify for other discounts. Here are just a few possibilities that may qualify that you may want to consider:
- Military service
- Senior citizen
- Home improvement
- Sprinkler system installation
- Home security features
Making improvements to your home that decrease the likelihood of a claim may help lower your coverage costs. Depending on the insurance company, installing a sprinkler or home security system may help you qualify for a discount.
Find the Best Home Insurance Policy
Searching for a home insurance agent in the Tri-State area of Indiana, Kentucky, and Illinois? The independent agents at Kincaid Insurance will help you find the best deal for your budget and needs. They’ll work with you to assess your risks and policy needs, then offer you a no obligation free quote.
Kincaid Insurance is headquartered in Rockport, Indiana. Kincaid’s experienced independent agents work with homeowners in Evansville, Louisville, Mt. Vernon, Newburgh, Vincennes, Owensboro, and the surrounding area. Call Kincaid Insurance today at 1-877-888-5506.Request a Free Quote