4 Homeowner Insurance Tips

Having homeowner insurance is not only smart in many cases is required by your mortgage company. Because a home is the single largest asset most people will have it is important that you properly insure it. Homeowners insurance is nothing more than peace of mind that you are protecting your home and all valuables in it.

Here are four home owner insurance tips to help you do just that.

1. Calculate the value of your home, including all of its contents and insurance on that. When possible insurance is based on replacement cost, and does not include the value of the land.

Although you pay property taxes based on the value of the home the replacement cost is not always going to be the same as the evaluation for it.

2. Use the Internet to do comparison shopping. You can quickly compare coverage to determine if your current homeowners insurance is properly priced or whether you should consider switching companies. Besides convenience the Internet allows you to see what is going on with your account as well.

3. Set your deductibles, according to what is required by law as well as what you can afford. Many times people pay more than they really need to.

4. Using agent, if you're not comfortable in making these decisions yourself. Because of the value of a home many times dealing with a reputable company, and even a local agent is a good idea.

This is especially true when you have to file a claim due to damage to your home for some reason. Then you really understand the value of having good homeowner insurance.