If you’re a first time home buyer, or are moving after living in your home for a number of years, you might be surprised when shopping for insurance. There are a number of questions that are important in determining what amount of coverage you need to protect your home. Likewise, there are also a number of questions that are necessary for underwriting guidelines. Let’s a take a look at these and break them down.
General Questions About Your Home
It’s important for us to ask what type of home we’re insuring so if you have a loss, we can replace what you have. Since all homes are different sizes, styles, and made of varying materials, no two homes cost exactly the same. You’ll need to know the square footage of your home as well as the year it was built. The foundation type, material of your roof, and exterior construction will also be definite questions. And it’ll be important to note if you have a fire place, attached garage, and pool. Depending on the size of the home and material being replaced in the event of a loss, this will assist in determining what amount of premium you will be quoted.
We will ask if you have a fence around your pool. Also, what breed your dogs are if you own them. It’s important to disclose if you own a trampoline. We might even ask if you can show seperate ATV insurance if you own utility vehicles. These questions help determine eligibilty with carriers as well as reveal the proper liabilty protection you need to have.
If you were asked a question that seemed to surprise you, be sure to speak up. We have a reason for each question we ask and we’re happy to help you understand why each question is important for us to know. As always, it’s most important to us that you know what you’re purchasing and that it fits your needs.