Insurance companies have spent tremendous amount of resources into mapping software, predictive analytics, and other data to help them figure out the best place to offer insurance Without exposure to wildfire situations. These large wildfires cost insurance companies millions if not hundreds of millions of dollars and when the average homeowners insurance premium is roughly 000, it takes a lot of policies to pay for these losses.
When you’re quoted an insurance premium and you find coverage with that carrier, that insurance company has 60 days to inspect your home and cancel or change your insurance policy if they don’t like what they see! So, the premium that you’re quoted may not actually hold up once the inspection is made. Then if you want to go back to your previous insurance company, you have to go through that same process all over again. In the current environment we do Not recommend changing insurance companies unless there’s a substantial savings to be had.
Often the best way to lower your premium and keep your insurance company is to review deductibles, replacement cost caps, and other items on the policy that you may Help you reach the premium level that you’re comfortable with. Being that your home is often your largest asset, it doesn’t pay to skimp on homeowners insurance and our office is here to help guide you through the process.
When you’re quoted an insurance premium and you find coverage with that carrier, that insurance company has 60 days to inspect your home and cancel or change your insurance policy if they don’t like what they see! So, the premium that you’re quoted may not actually hold up once the inspection is made. Then if you want to go back to your previous insurance company, you have to go through that same process all over again. In the current environment we do Not recommend changing insurance companies unless there’s a substantial savings to be had.
Often the best way to lower your premium and keep your insurance company is to review deductibles, replacement cost caps, and other items on the policy that you may Help you reach the premium level that you’re comfortable with. Being that your home is often your largest asset, it doesn’t pay to skimp on homeowners insurance and our office is here to help guide you through the process.
