Don’t wait for disaster to strike before comparing homeowner insurance costs and coverage
It's also a good idea to notify your insurance company whenever changes are made to your home, said
The
The tool lets you compare annual premiums through local and national companies for homes, condominiums, rentals, mobile homes and earthquake insurance. It also provides some information on whether those companies offer optional coverage, discounts and credits, and a link to read customer reviews.
For example, a search for a
Premiums on a
Here's a list of things to know when shopping for insurance:
-- A basic homeowners insurance policy covers your house, other structures like a shed or pool (but not the equipment), personal belongings and liability for injuries or property damage.
-- Flood and earthquake coverage is not included in a basic plan. Wind damage from storms such as a hurricane, however, is normally covered.
-- Know the difference between dwelling value and property value. A dwelling value, what the insurance covers, is the cost to replace your home, Schweer said. Property value is the price that you can sell your home for, he said.
-- Identify your personal property, especially the expensive stuff. Jewelry, for example, is covered but only up to about
-- Renters are not covered by a homeowner or property owner's insurance. Renters insurance covers theft, fire and vandalism. It will also pay for emergency lodging like a hotel if your apartment or rental home is engulfed in fire and you have nowhere to stay.
BoNhia Lee: 559-441-6495, @bonhialee
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