ChristiaNet.com (http://www.christianet.com), the world's largest Christian portal with twelve million monthly page loads, has just finished launching a directory on home insurance articles, including home owners quotes and purchasing flood coverage. It is important to understand what an average homeowner's policy actually covers. Many people are under the impression that it covers everything that can happen to a home. However, research from ChristiaNet reveals that the basic home owner's policy doesn't cover everything. Bill Cooper, President of ChristiaNet suggests, "Talk to an agent and look over the policy before assuming that everything is covered." (http://www.christianet.com/homeinsurance/)
The costs of insurance varies by company and type but by talking to an agent or doing a search online it is possible to get a home owners quote before actually buying a policy. Cash value insurance is usually the cheapest coverage but most polices won't replace items that are lost for their full value. To replace items for the full value it is much better to get replacement cost insurance even though the premiums are higher. Even at that, replacement cost insurance may not cover valuable personal items. To make sure that these items are covered a rider will need to be included in the policy.
According to Marshall & Swift/Boeckh, a firm that tracks building costs, "Nearly two-thirds of homes are insured for less than their full value, with the average shortfall of 22%." Rising construction and materials costs can cause a homeowner to be underinsured. Home owner's coverage can include "inflation guard" so that the policy's value will go up as inflation causes prices to go up. It stands to reason that if the value of a policy goes up premiums will to.
Consider purchasing flood insurance especially when living in a flood zone. Cooper says, "Research shows that homes are more likely to get hit with a flood than a fire." Living in a flood zone could mean paying a lot for protection so talk to an agent about a home owner's quote that includes flood coverage and ask about additional coverage to cover other water hazards associated with sewer and drain backups. For more information, visit: http://www.christianet.com/articles/
About ChristiaNet
ChristiaNet.com (http://www.christianet.com), the world's largest Christian portal with twelve million monthly page loads, receives around one million visitors per month and has 400,000 email subscribers who have access to an online shopping mall, job bank, Biblical and life application resources, free ecards, Christian blogs and friendship communities.
