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Homeowners Insurance


• Figure out what limits you want on your homeowners insurance, and what value you need to insure, then call several insurers for quotes.

• Sometimes you'll get a better deal if you buy your homeowners and auto insurance from the same company.

• Make sure you get a quote for insurance that would pay to replace your belongings, rather than pay you based on their depreciated value.

• Update coverage for the value of your home and its contents, if needed, every five years.

• Raise your deductible to $1,000 or $2,500. You'll pay less in premiums, but more importantly, you'll reduce the risk that your insurer will cancel your coverage because you made too many claims.

• Ask your agent what documentation you need to substantiate a claim, in case of theft or fire. I think it's easiest to videotape your house and describe your possessions. Don't store the tape in your house.

• Carry enough liability coverage to protect you against a lawsuit if someone gets hurt on your property.


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Best And Worst Home Insurers

A new ranking of home insurance companies shows that just focusing on what you pay in premiums isn't necessarily the smartest idea. A March 2014 update of Consumer Reports names the best and worst home insurers in the business. Now, keep in mind that the best does not necessarily mean ...

Websites To Comparison Shop Owner's Title Insurance

When you buy a home or refinance one, you need a simple insurance policy that I just can't get people to buy…even though being without it can be deadly to your finances. Picture this: When you do a refinance, you dump Bank A and pay them off with proceeds lent ...

The dangers of forced place insurance

Forced place insurance has re-emerged as a problem for homeowners who have insurance but haven't properly informed their mortgage lenders. There was a story I told on the air long ago where I owned a condo on which I had a condo policy that cost $180. But to my surprise, ...

Now is the time to re-shop your insurers

Now is the time to re-shop your insurers

When is the last time you shopped around for auto and homeowners insurance? Here's why it's time to check rates now.

Crucial insurance for home purchases and refis

Crucial insurance for home purchases and refis

When you buy a home or refinance one, you need a simple insurance policy that very few buy…even though being without it can be deadly to your finances.

When should you switch insurers?

A huge percent of people never shop their auto and home insurance. That's not necessarily a good idea considering that modern American business punishes loyalty, rather than rewarding it. The Wall Street Journal reports that roughly 1 in 3 people never shop their auto insurance. Almost half never their shop ...

State Farm responds to Clark's story

Insurers spend big money trying to convince you they're the best and that they'll be there when the chips are down. But will they really? Imagine you're asleep in bed like David and Melissa in Ohio. You hear a loud boom and your house starts shaking. You awaken to dust, ...

Clark's take on reverse mortgages

Clark's take on reverse mortgages

Reverse mortgages let retired folks who are running out of money remain in their home and get a check each month by borrowing against their equity. Is this as sweet a deal as it sounds?

Protect your belongings by videotaping them yearly

If something ever gets lost, stolen or burned at your home, how do you prove it to your insurance company? Once each year, around my wife's birthday, she does a walk and talk with a video camera in hand to document our possessions. As she's going through the house, she ...

Unclaimed money could be waiting for you

Unclaimed money could be waiting for you

There could be unclaimed money from bank accounts and insurance policies hanging out unloved in your name. Here's how to claim at no cost if it's rightfully yours.

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