Insuring the Property
- Elementary Insurance Primer
- Replacement Value
- Homeowner's Insurance Forms
- Other Insurance Issues
- Standard Policy Exclusions
- Getting an Appraisal
- Comparison Insurance Shopping
Comparison Insurance Shopping
It is quite common for two policies with equivalent coverage to vary in cost by several hundred dollars. Do a little shopping and save.
- See if a package plan will save you money. Perhaps you can insure your automobile with the same company.
- Get comparison quotes from three to four different agents.
- If an agent handles more than one company, get quotes from several different companies.
- Watch key points within each competing policy:
- The deductible. Don't go lower than $250.
- Your limits. See if you can increase your liability limits from $100,000 to $300,000.
- How much will a floater cost if you need one?
- Make sure the cheaper policy doesn't cover cash coverage versus replacement cost.
- Select a company rated AA+ by Standard and Poor's or A+ by A.M. Best, the two independent insurance rating agencies. Your agent can give you this information.
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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Infinex Financial Group is owned by a consortium of depository institutions and state bank trade associations. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value. NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK. MAY GO DOWN IN VALUE.