Since the typical customer maintains their homeowners policy for more than ten years with the same insurance company, it is important to periodically refresh your understanding of what the policy covers. Since the majority of customers buy through a local agent, one of the best ways to stay educated about your homeowners insurance policy is by asking the right questions to get the most out of discussions with your insurance agent. For customers who deal directly with their insurer, the same conversation can take place by phone with a customer service representative. The following are a few things to remember when discussing your insurance needs with your insurance representative:
Understand what is included in your policy.All homeowners insurance policies include coverage for instances of fire, theft or vandalism, among other perils. But some natural disasters, including floods and earthquakes, may not be included in the regular policy. Be sure to ask your insurer what your policy includes. You may want to add additional coverage if you believe your home is at risk for natural disasters not covered by a basic policy.
Protect your identity.
A growing number of insurance companies now offer affordable insurance to cover the costs associated with identity theft. According to the J.D. Power and Associates 2006 Homeowners Insurance Study,SM identity theft is a number one concern among consumers and most desire coverage in this area....
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