Protecting your home from the unexpected is very important and having the right coverage that fits your needs is essential. I wanted to find out more about homeowners insurance so I spoke with Brian Moore, a local Amarillo State Farm Insurance agent about homeowners insurance.
Brian informed me that in 2002 homeowners insurance was deregulated, meaning unlike vehicle insurance that have standardized coverage’s, deductibles and policies and can be compared apples to apples, homeowners insurance have no set standards to compare with. Insurance companies can change and adjust homeowners policies to have many variables that can effect what is being covered and for how much. Because there are so many variables in homeowners policies, Brian strongly recommends that you sit down with your insurance agent and find out exactly what your policy consists of and make sure you have a policy that fits your needs. Brian told me "you don't know what you don't know", somewhat of an ironic statement but very true! You need to find out what you don't know so that you can make sure you get the right coverage for your assets.
For first time home buyers, Brian recommends that you start with your current auto insurer to check on homeowners policies and rates, then get two more quotes from other companies also.
Brian said that Texas has above average costs on homeowners insurance policies due to all the elements we face including; hail, high winds, tornadoes, hurricanes and yes even earthquakes. Good news though, Brian has some tips on saving on homeowners insurance; look into installing a class 4 roof, State Farm for example, will allow savings of up to 27% on your premium for having a class 4 roof. Also check into getting a monitored security system, once again that will allow savings on your premium.
Brian gave me the following link to the Office of Public Insurance Council that allows you to compare companies’ homeowners policies side by side. This tool will help you determine if you are getting the coverage that you think you are and see which company is right for you. www.opic.state.tx.us/homeowner.php
If you have any questions about homeowners insurance or need to find out if you are actually being covered in a way fits your needs, please call Brian. I highly recommend his expertise with insurance and he is a real friendly and great guy!
You can reach Brian Moore at (806) 353-9517 or http://www.brianmooreinsurance.com/