1.To an insurer, you’re not a just person;

you’re a set of risks. An insurer bases its homeowners insurance premium (or its decision to insure you at all) on your “risk factors,” including your occupation, who you are, what you own, and how you live.

2. Know your home’s value.

Before you choose a homeowner’s policy, it is essential to establish your home’s replacement cost. A local builder can provide the best estimate. Also, your agent should have a replacement cost calculator.

3. Insurers differ.

As with anything else you buy, what seems to be the same product can be priced differently by different companies. A good local agent can make a world of difference.

4. Don’t just look at price.

A low price is no bargain if a home  insurer takes forever to service your claim or if a 1 800 number is all you have for an agent. Research the insurer’s record for claims service, as well as its financial stability. (The Ward’s Group is a great place to look)

5. Go beyond the basics.

A basic homeowners policy may not promise to entirely replace your home.

6. Ask about discounts.

Insurers provide discounts to reward behavior that reduces risk.

However, Americans waste some $300 million a year because they forget to ask for them!

7. At claims time, your insurer is looking for the facts.

Keep records and receipts. (keep a copy off premesis) Your idea of fair compensation may not match that of your insurer. Your insurer’s job is to restore you financially. Your job is to prove your losses so you get what you need.

8. Prepare before you have to file a claim.

Have an inventory of your personal belongings. (Stored somewhere other than your home)

9. Demand an annual review.

Keep your policy updated, and reread it before you file a claim so there are no surprises. Many people are upset and embarrassed when they try to file a claim and find they have no coverage for a particular loss.

If you are in the Muskegon area and if your agent doesn’t conduct regular reviews or you don’t feel you know where where you stand, just give me a call at (231) 744-9099 or start with a visit to www.muskegonhomeownersinsurance.com