Are You Paying Too Much For Home Insurance

One question that agents at Insurance For Texans always ask when talking to a new prospect is what their purpose is in searching for new coverage with us. We do get a wide range of answers to that question, but the answer most often mentioned is centered around price. We're all conscious of it. Including all of us that work here!

People want to make sure that they are not paying too much for anything. The advertising that is done by major insurance companies is ALMOST ALWAYS centered on saving money. The companies spend over $300 Billion a year in that endeavor. Because of the message and the frequency that the consumer receives it, it is always front of mind with homeowners insurance. So how do you know if you're paying too much? Here are the keys from our point of view.

1. Does Your Home Insurance Policy Actually Protect You?

We spelled out the three most important things for you to consider previously. In Texas, we tend to see three main problems with home insurance. Roofs in a hail storm, deductibles during a loss, and being able to appropriately rebuild in a total loss. The other major claim we see people burned on is water coverage. If your current policy isn't protecting you properly, then the price of the policy is irrelevant as you're exposed for much worse damage than the monthly cost of your premium. It could potentially be full financial calamity.

2. Have You Shopped In The Last Three To Five Years?

Today's business climate is one where loyalty to a company is not always rewarded. We see teaser rates on all kinds of services that have a tendency to creep over time with little recourse to bring them back down. Have you looked at your cell phone, cable, or internet bill in a while? Insurance is not immune to this phenomenon. If you experience a mere 15% increase each year, your bill will double in five years. Given that outcome, we generally recommend shopping your insurance bill every three to four years. We've found that the three year mark is a sweet spot for carrier rewards for longevity while also eliminating that creep.

3. Work With An Independent Insurance Agent To Streamline The Process

There are many ways to purchase insurance in today's marketplace. Be careful submitting your information to an on-line shopping engine. As an independent insurance agent, Insurance For Texans can shop your Texas Home Insurance across the marketplace for you. That means we can present multiple options to address your price concerns along with making sure that the items from above are addressed as well.

Everyone wants to have the best coverage and the best price. Understanding ways to make sure you get that is part of what makes Insurance For Texans different from other insurance agencies. We are here to work for you and not some big corporation. Since we live in your neighborhood, we work to give you the options that we would want for ourselves and our families. Speak with one of our agents today to get started.