Hi Everyone, here are some tips on purchasing home insurance from the SCC:
- Answer the questions on the application completely and honestly.
- Do not sign a blank application.
- Do not pay the agent in cash. Make a check payable to the insurance company. And include the type of policy that you are paying for (auto or homeowners, etc.).
- If you are turned down for insurance, ask for the specific reason.
- Do not buy on price alone; consider coverage and service. Select a company and agent you feel you can trust.
- Do not forget to ask about discounts for safety and security devices (burglar alarms, fire alarms, dead bolts).
- Remember to use the Insurance Quotation Worksheet to see which company has the lowest price for you.
- Ask if the company gives a new home discount or multi-policy discount.
- Ask about the difference in price between a “named peril” policy and an “open perils” policy.
- Make sure your dwelling policy limits are at least 80% of the replacement cost of your home. If you do not have a recent appraisal, ask your agent to help you.
