- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (6)
Best Answer
- Grace Keng, "Gracesellhomes"
- Contributions:336
You asked the insurance man the following questions:
1). How much insurance will cover me for my house?
2). What is my deductable?
3). How much I pay for the insurance?
4). Any discount if I have the auto insurance with your company.
Good Luck.
Grace Keng, RE/MAX RES
[link removed by moderator]
1). How much insurance will cover me for my house?
2). What is my deductable?
3). How much I pay for the insurance?
4). Any discount if I have the auto insurance with your company.
Good Luck.
Grace Keng, RE/MAX RES
[link removed by moderator]
- Karen Doss, "Karen Doss"
- Contributions:21
You will want to be insured at a level which will restore the home to its present physically condition. This translates to a $ number per sq ft to rebuild. You would need to have an idea of what construction cost are where you live. As for personal property that will be automatically calculated in according to the size of the home. If you have valuable items you might what to insure them separately. Liability is a key item to consider as well. If you were to lose in a law suit you would not want to have to liquidate a property or a 401K to pay off a suit. That's why your liability limits should be as high as your assets you could lose. I hope this has been helpful.
- Dan, "the_country_hick"
- Contributions:4699
One big question was missed.
Is this policy going to be replacement value or depreciated value?
Replacement means your 20 year old couch is replaced with a new one.
depreciated value could mean your 4 year old couch that is still like new gets you paid $50.
Or as I ask simply, is this a burn down build back replace everything type of policy?
Is this policy going to be replacement value or depreciated value?
Replacement means your 20 year old couch is replaced with a new one.
depreciated value could mean your 4 year old couch that is still like new gets you paid $50.
Or as I ask simply, is this a burn down build back replace everything type of policy?
- Michael O'Shea, "mjposhea31"
- Contributions:4
The discussion should be two ways. The broker/agent should ask you a good amount of questions to make sure your home is properly insured and that you qualify for the programs they offer.
To make sure you are properly insured, they should cover the basics...square footage...number of stories/floors....bedrooms/bathrooms....wiring...plumbing...heating/cooling...roof....and any updates to these. Any detached structures....pools count too. Also, in regards to personal property....any collections....jewelry...special things that may need covering.
To make sure you fit into the programs, they should ask about any animals, pool slides, diving boards, trampolines...type of structure...it may sound funny, but there are many different types....modular homes, mobile homes, manufactured homes, site built homes, earthen homes....etc.
It is in that discussion, that the topic of deductible should come up, as well as the replacement cost of the home, coverage for liability, etc. Discounts should be discussed as well.....home and auto together can be a discount, having an alarm system, etc. Also, ask about the rating of the company and point blank ask how they are about handling and paying out their claims. Get to the point where you feel comfortable....you are looking to insure possibly your biggest asset.
To make sure you are properly insured, they should cover the basics...square footage...number of stories/floors....bedrooms/bathrooms....wiring...plumbing...heating/cooling...roof....and any updates to these. Any detached structures....pools count too. Also, in regards to personal property....any collections....jewelry...special things that may need covering.
To make sure you fit into the programs, they should ask about any animals, pool slides, diving boards, trampolines...type of structure...it may sound funny, but there are many different types....modular homes, mobile homes, manufactured homes, site built homes, earthen homes....etc.
It is in that discussion, that the topic of deductible should come up, as well as the replacement cost of the home, coverage for liability, etc. Discounts should be discussed as well.....home and auto together can be a discount, having an alarm system, etc. Also, ask about the rating of the company and point blank ask how they are about handling and paying out their claims. Get to the point where you feel comfortable....you are looking to insure possibly your biggest asset.
- Rosana Shekman, Broker ABR, "Rosana Shekman Owner"
- Contributions:700
Definately you need to get couple of choices with quotes before
you'll make your decision.
you'll make your decision.
- wetdawgs
- Contributions:26854
Hunh?
What quesshould we be asking when purchasing homeowners insurance?
-
- 0.0/5.0
Contributions:138Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.