how to choose right homeowners insurance

Your home is quite possibly your most valuable asset. As such, you should protect it with a comprehensive insurance policy. Below, we offer you some tips on how to choose the right homeowners insurance.

Shop Around

As with anything else, you don’t want to go for the first insurance company or even first insurance policy you are offered. Ask you neighbors, friends, family, and realtor for recommendations. When contacting the insurance company make sure to have all your questions answered and that you fully understand your policy and everything it includes and doesn’t include.

Know Your Home

The best way to ensure a competitive rate and the right coverage is to know your home inside out. What year was it built? What type of construction is it? How old is the electrical system? Were there recent upgrades or remodels? Do you have smoke detectors, a security system or sprinkler system installed? Do you need special coverage for valuable possessions or an extra dwelling? Does your home have hurricane shutters or impact windows? All of these factors may affect your premium so be prepared to give detailed information regarding your home.

Compare Deductibles

The lower your deductible, the higher your homeowners insurance premium may be. When comparing homeowners insurance, don’t just focus on the monthly premium amount. Take a close look at what your out-of-pocket expense will be in the event of a claim. Your insurance rate may be reduced by as much as 25% when choosing a higher deductible.

Additional Policies

Some insurance companies may only offer standard homeowners insurance. When trying to choose the right homeowners insurance, you should also look for additional policies like flood insurance and hurricane protection, neither of which are included in a standard homeowners insurance policy.

Hurricane Irma alone cost Floridians’ a reported $6.55 billion in property damages. With those numbers, it is clear that flood insurance and hurricane protection is something every Florida homeowner needs.

The most important thing to remember when choosing the right homeowners insurance is to take your time and pay attention to the details.


Preferred Link agents are experienced and licensed insurance professionals that will help you select the right coverage for your homeowners insurance needs. Contact us today!