New Orleans Homeowners Insurance is not always about the cheapest price.
If you were to get 5 New Orleans homeowners insurance quotes from 5 different agents
and all from the same insurance company,
you could get back 5 different insurance rates.
You have heard apples to apples comparison before
but with Homeowners Insurance it is about the endorsements.
Before you even begin to compare the quote you received,
make sure you received a HO-3 Homeowners Quote proposal.
Some insurance agents are sending out owner occupied rental dwelling quotes to lower the premium to get the business.
You don’t want an owner occupied rental dwelling quote DWG-3.
Here are a few of the coverages you will lose
- No water back up coverage
- No replacement cost on your contents
- No coverage for theft on your contents
So throw away the owner occupied rental dwelling quotes DWG-3
and compare your HO-3 homeowners quote proposals.
Here are some options available to you to lower your quoted premium
1. Take a 2500 all other perils deductible
A homeowners policy is not a maintenance or home warranty policy.
As a home owner you need to absorb any claim under 2500.
If you make a claim within the initial three years of the policy, you could be canceled
and you would have a claim on your claim report that may make it either difficult to get another policy or cause a surcharge on your new quote.
2. Adjust your contents to the actual amount you own.
If your house were destroyed by a fire, would $50,000 be enough to replace
your contents or personal property?
Most homeowners companies automatically give you 50% of the Coverage A insured value amount so if you insure your house for
200,000 Coverage A
You would get 100,000 of contents coverage.
If there is a fire and you can only prove you had $42,000 of property inside,
you are not getting a check for $100,000.
What’s this all about?
Don’t just assume the cheapest quote you receive is the best home insurance option for you.
You can get an affordable home insurance premium without losing valuable coverages by just making a few simple changes.
Endorsements and changes to a policy are a good way to get a premium that works for you
as long as you understand what you are buying and what you are losing.
My name is Tim D’Angelo and I would love the opportunity to talk to you about
Call me now at 504.348.3131
or click on the button now to get started