If you are thinking about buying a house, it’s probably a good idea to consult with a house insurance broker. A house insurance broker is someone who sells house insurance policies. They don’t actually own or manage the insurance policies themselves. They do all the work. Here are some reasons why a house insurance broker can be a good fit for you:
A small, particular homeowner’s policy is probably one of your best small house insurance options for homeowners who really don’t anticipate moving home very often. These policies usually cover liability insurance (if someone gets hurt inside your house), property damage coverage (for damage to the structure itself), and personal property coverage (for things like computers, jewelry, and other valuables). Some insurers also offer “house protection,” which are basically just coverage for damage to the building itself, as well as personal property within the home. These kinds of policies usually cover only a few basic items, so it’s not likely that you’d run into very many problems. On the other hand, these kinds of policies are typically pretty expensive. An average homeowner probably wouldn’t consider them a good choice.
If you have a home with fairly normal structural features, then you probably already have house insurance. In fact, you probably have two types of coverage-collision coverage and property damage coverage. However, you may not have heard of “house protection” before. Usually, insurers put this kind of policy in after you buy your home, but it’s not always available. An experienced broker can help you find the right combination of insurance products to meet your needs.
If your home is newly built or recently remodeled, you’ll probably need some form of liability coverage. Usually, this will be a bodily injury coverage designed to cover personal property like furniture and appliances. You may also want to consider personal property coverage to cover such things as clothing and appliances. This is a lot less expensive than actual cash value on your vehicles. Your insurance agent should be able to provide you with a free estimate of what your best options are.
It’s rare for people to own livestock, so you might want to consider purchasing farm liability coverage instead of personal property coverage. When your farm or ranch becomes damaged by fire or water, you’re not eligible to recover any losses from the damage unless the insurer has provided you with a loan. The lender may require a down payment, which is where the insurance company comes in. If you have a tiny investment, however, you can probably get by with a standard homeowner’s policy with enough coverage to handle most claims.
One thing you can do to save money is to shop around. There are plenty of insurance policies and brokers out there that provide comprehensive coverage at a number of different prices. Take the time to find the policy that best meets your needs at the most reasonable price. Some insurers also offer discounts for their products, so it’s worth inquiring about these offers as well. You can usually find competitive prices and offers by contacting several insurers.
Before you contact any house insurance brokers, though, it’s crucial to get a quote from each one. Get three or four quotes from different companies in order to compare prices. You’ll want to focus specifically on what each policy covers. For instance, some house insurance policies will cover your possessions in the event of a natural disaster or fire while others will not. The amount of coverage offered will vary widely, and you need to get the coverage you need at the right price. It can be difficult to make ends meet if you only have the bare minimum insurance required by your state.
There are plenty of insurance options available for people living in tiny houses. From protecting your dwelling to protecting your pets, you have plenty of coverage to choose from. Talk to an insurance broker today about the options you have and find the right policy for you at the right price. You’ll be happy you did. Good luck!