#Homeowners #insurance.

[angledge]

OK, what do I need in a homeowner's insurance policy?

What companies are good? What companies are bad?

What discounts should I look for (other than combining home & auto - that one I know)?

Other tips, stories, suggestions, advice welcome!!

Comments

[krick.livejournal.com]

Make sure you don't over-insure. If you pay $350K for a house you don't need to insure it for $350K. Remember that when you buy a house, you're paying for the house *and* the land it's sitting on. If your house burns to the ground, the land still has its original value. So when you buy homeowner's insurance, you only need to insure for the replacement value of the house itself.

As for the "best" company, it really varies depending on where you live. Try asking on the city-data.com forum http://www.city-data.com/forum/denver/

It's not always cheaper to combine home + auto. There's no such thing as a free lunch and they're going to get their money somehow. Also, it makes it more of a hassle if they start screwing you over and you want to move to a new company. I think it's better to shop around and get the best deal for home and auto separately. In my area, Nationwide is one of the better companies for home and Geico is pretty hard to beat for auto.