Free Online Home Inventory
The Importance of Insuring your Home to Value
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For many of us our home is our most valuable possession. The time to think about the unthinkable disaster is before it happens to you. If your home were damaged or destroyed, insurance can help you repair or rebuild your home and replace damaged possessions.
The main purpose of insurance is to protect you against losses you cannot afford. Few people have the financial resources to rebuild their homes. In addition to protecting your home and possessions, homeowners insurance also provides liability coverage to protect you from financial ruin if someone is injured on your property and sues for damages.
A homeowners insurance policy consists of coverage for your dwelling and your personal property. It also includes liability insurance which pays for injuries to other people or damages to their property accidentally caused by you, your family or your pets. You also can buy several types of additional insurance for property that is not listed in your homeowners policy or for perils not covered — such as flood — for which you need a separate policy. You do this by either buying a separate policy or by adding an endorsement or rider to your policy.
Tips for Keeping Your Rates Low
There are some simple steps you can take to reduce your homeowner’s premiums.
Raise Your Deductible - A deductible is the amount you pay before the insurance starts to pay for your loss. Since the purpose of insurance is to pay for the losses you cannot afford, raise your deductible to a limit that you could handle in case of a loss.
New Home - If your home is less than 10 years old, you may be eligible for a new home discount.
Make Your Home Safer - You may be eligible for a discount if you have a burglar and fire alarms systems and/or sprinkler systems. Monitored systems will earn a bigger discount than unmonitored systems.
Construction Material - When you buy a home, look for fire-resistant construction, such as brick, masonry or rock. You may pay a lower premium for hail-resistant roofs, such as those made of concrete tile, while wood roofs may bring a surcharge. Check the location of the nearest fire department, and avoid buying in floodprone areas.
Tools & Resources
The Insurance Information Institute's free online home inventory software. This application makes creating and updating your home inventory easy. With free, secure online storage you will have access to your inventory anywhere, any time. You never know when a disaster may strike - but you can be prepared with a home inventory
Is My House in a Flood Zone?
FreeFlood.com answers one simple question: Is my house in a flood zone?
With a database covering over 100 million U.S. residential addresses, FreeFlood.com is a great source of valuable information. Simply enter an address and you will instantly see flood zone information for that location, as well as a graphic of the "Flood Risk Meter."
Looking to move into a new area, renting, selling, or buying a residential property, or to find out if your home's flood status has changed since you purchased the property. This is especially important, as new flood maps are often released across the country.
Includes a wealth of information on how to insure homes against flooding. This site is the official
web page for the Federal
Emergency Management Agency
Please note: additions, deletions, substitutions or binding of coverage's cannot be accepted via e-mail, fax or voice mail.