1. 900 POINTS
    Frank Lombard CPCU ARM
    Insurance Advisor, Massachusetts
    I suggest you start by listing all the insurance you are now buying;auto,tenants or home insurance, health, disability, life,etc. The list should include a basic outline of the coverage, the insurer or agent and the annual premium.

    The information on this list may point you in the right direction. I would first consider insurers/agents you are currently doing business with if you are at all satisfied with them.If not, maybe you should be looking for more than just home insurance.

    Request limits, coverage and deductibles consistent with what you currently purchase.If you have all-risk coverage on your car (comprehensive and collision), I would suggest considering all-risk coverage on your home and other personal property you own. If you have $300,000 liability limits on your car, you may want to consider similar limits on your home. Deductibles should be consistent whether they are car, home or medical and represent the amount of risk you are willing and can afford to assume.

    Features I like to see in home policies include: All-risk* coverage on the home AND personal property, GUARANTEED Replacement cost of your home, consistent liability limits and deductibles. In some locals, you have to be concerned with the perils of Flood, earthquake, sinkhole damage and wind as standard policies limit coverage in these areas.

    It's common to look for the least expensive policy but it's also important to have the RIGHT policy. An insurance policy is just a very expensive piece of paper until you happen to need it.
    Answered on August 15, 2013
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    To select the best home insurance policy, select the best insurance agent. Setting the limits is the key to having a satisfactory claim, and that is ultimately what insurance is all about. The agent should help you evaluate your exposure and point out supplementary coverage that you might need. All of this goes to making up a policy that will pay you what you want when you need it.
    Answered on September 24, 2014
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