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Kay Said:

How can I negotiate a better price on my home owners Insurance?

We Answered:

Companies usually have grace periods so being behind in premium does not always mean that your policy has lapsed so you should verify that with the agent. Then have the agent check the policy to make sure that all discounts are being applied (multi policy discount, safe driver, claim free, in force, etc). If not, then the agent can request that they be added to your policy by underwriting.

If your agent is captive, meaning that he/she represents one company, I would suggest taking a copy of your policies to an independent agent. They would be able to "shop" your insurance with many different companies to get you the best deal. To find a local independent agent, just look for IIAB logo in the phonebook.

Hope this helps.

Dave Said:

Buying Home Insurance

We Answered:

Along with price - its important to see what coverage form you are getting.

Most site built homes are insured on an HO3 policy with a Replacement Cost Endorsement for their contents.

Here's a crash course on the coverages provided by a homeowners policy. This is pretty standard.

Coverage A - this is the coverage for the house itself. You want to make sure this is enough to rebuild your house exactly like it is.

Coverage B- this is for other structures (outbuildings, fences, swimming pools etc). Usually this is 10% of coverage A.

Coverage C - contents coverage. This pays for your personal property - if you would take it with you if you move - it's coverage C.

Coverage D - loss of use - If your house is not inhabitable - this pays for your additional living expenses.

Coverage E - liability coverage - if someone his hurt on your property due to your negligence (does not apply to residents of your household).

coverage F - medical payments coverage - pays for dr bills if someone (not a resident of your household) gets hurt on your property -regardless of fault.


You also want to make sure you get a policy with a company that is rated at least A by AM Best.

Good Luck and Congrats on your new home.

Theresa Said:

What are typical home insurance prices in the new york city area?

We Answered:

Hi,

There are many type of insurance, that you can purchase for your home. Insurance against natural disasters, insuring the contents of your home, insuring against damages, such as a damage plumbing pipe, that might damage other parts of your house, which actually happened to me, etc. The best thing for you is to shop around your local insurance agency.
The price of the insurance mostly depend on:

-How much covrage do you want on your house
-Do you want the content of your hosue to be insured?
-How much liabilty you want your insurance to cover:
For example: Your oven exploded, the door shoot out
thru' a window, and damaged your your
neighbour house. Your insurance can pay
the damage.
-How much Deductable are you willing to pay?
There are also other factors that will also affect your insurance cost, such as how many past claims you have made with home insurance, the type of heating system you have, Do you have fire alarm, sprinkler system, bulglar alarm installed in your house, etc.

You can get a free quote, here without any obligation at
http://www.insurance.dealtap.com
and you can get an idea of how much it will cost, for comparison on your insurance shopping.

Good Luck.

Terry Said:

Does anyone know of Good coverage/ reasonable priced home owners insurance?

We Answered:

There's no "one size fits all" cheapest insurance company. One is best for old houses, one for rural houses, etc.

There's no short cut - you'll have to shop around, to find the cheapest one for YOU.

You can find a local, independent agent at www.iiaa.org

Ramon Said:

does anyone know of a website that compares prices for home insurance for thatched properties ?

We Answered:

no