Getting a homeowner’s quote is just a matter of minutes when you’ve all your pertinent information at hand. Understanding the facts of your home, such as what type of security features you have installed, can help you qualify for great discounts on the cost of your homeowners insurance and help to make sure you select the right policy that fits your individual needs. The online process is simple and straightforward, allowing you to get quotes and discuss your home with an expert in minutes instead of hours or days. Here’s how:

homeowners quote

Start by checking your lender’s website. A Wells Fargo or Chase bank site will be able to provide you with several different homeowners quotes. The quotes will include not only your rate but also information on any fees and homeowner’s insurance you may be eligible for. Some sites provide quotes from multiple lenders, which can help you compare prices more effectively and identify specific offers to check out. Having several options on the table helps you filter out the low-cost offers and focus more on viable deals.

Know the coverage level you need. Most homeowners are surprised to learn that they can typically save three to five-percentage points by increasing the amount of coverage on their homeowner’s policy. This means that the exact same house might cost significantly less money after you’ve gotten a quote, depending on the contents of the dwelling and its location in relation to other properties in the area. Banks and other financial institutions also have loan applications available on their websites, so you can review these forms before you submit your free quote and begin the application process.

Begin by filling out a short questionnaire on the lender’s website. This questionnaire will request basic information, such as name, address, phone number and social security number. You’ll also be asked to supply data on the specific property you’re looking at, such as the number of bedrooms and baths it has, the financing terms you’re interested in (i.e., fixed rate versus an ARM), and whether you plan on living there full-time or part-time. Once you’ve submitted your information, you’ll be directed towards the final step in the application process: getting quotes. Quotes will contain all the relevant information on the policies you’re interested in, so you can compare the prices side by side and decide which one is best for you.

Once you’ve gathered all the quotes you’d like (and had the requisite discussion with the insurer), take a moment to review each one. It is extremely important to understand fully the extent of any homeowners’ insurance discounts (if any) that may be available to you through different companies. Many homeowners mistakenly believe that these discounts will automatically make their homeowners’ insurance rates go down, but it isn’t the case – you’ll still need to submit accurate, honest data on your application in order to take advantage of the discounts.

Once you’ve gained a good understanding of the quotes you’re sent, the real work begins. You’ll have to carefully evaluate the policies being presented to you, and decide which one(s) will provide you with the most comprehensive coverage for your needs. While price is important, remember that a quote alone isn’t all that will tell you who is best to insure your home. What’s more, what works for one homeowner may not be the right choice for you – especially if you live in a high-risk area. A specialist broker will do just that: they’ll take into account your specific circumstances and find the most suitable policy, from a wide range of insurers, for you.

One thing to remember when comparing homeowners’ insurance quotes is that not every insurer gives you a quote without asking for an additional premium. For example, some insurers will ask you to pay out of pocket before they give you a quote. This is simply because they are aware that you’ll likely have to pay more should you ever need to make a claim. In order to avoid paying too much out of pocket, it’s always a good idea to make sure you understand the terms and conditions of any policy you’re considering, and shop around for the best deal. Also, bear in mind that even if you find the cheapest quote online, it might not be the best one for your particular circumstances.

There are numerous other factors which come into play when looking for the most suitable homeowners’ insurance policy. The key is to make sure that all your bases are covered. If you live in an area that has high levels of crime or injury risk, or which is prone to flooding, then you need to check to see if your policy offers extra protection against such risks. If you buy a home that’s on the market for sale, or one which isn’t currently up for sale, look into homeowner’s insurance packages that can be added onto your existing policy. In order to protect your investment in your home, and to make sure that you won’t end up owing more money than you need to, it’s a good idea to have extra homeowners’ insurance cover.