In the United States it is perfectly legal to own a home and not have home insurance. However, this is only true when you own the home outright. If you have any sort of mortgage on a house, the lender will always require you to have home insurance before taking out a loan. Home insurance will protect you in the case of damage to your property caused by unforeseen consequences such as a fire or other natural disasters.
It’s important to get several quotes from a home insurance agent. It is recommended that you call at least three different places, State Farm home insurance being one of them, in order to get the best deal and the most complete coverage. You can save yourself a lot of time and hassle on your phone calls by having all the information gathered and prepared ahead of time. Here is a list of some things you should have prepared before you make the phone call to State Farm home insurance or any other home insurance agent.
- Details About Your Home: The home insurance agent is going to ask you a lot of questions about your home. Have these all written down somewhere. When was your house built? How much square footage does it have? How large is the lot size? How many bedrooms does it have? How many bathrooms does it have? What type of water system do you use? How old is your roof and what is it made of? How many windows and what type do you have in each room? Do you have smoke and carbon monoxide alarms in your home? How close are you to the nearest fire hydrant?
- Home Inventory: It might seem tedious but a home inventory can really help you and the homeowner’s insurance agent understand the value and type of your possessions and which type of optional coverage you might want to have. Some optional coverage includes earthquake, jewelry and other valuable possessions, flood, musical instruments, sewer backup, identity theft, fine art, antiques, etc. A good home inventory will include a description and quantity of each item and the model and serial number. Have the receipt if possible, where it was purchased, and the name of artist if possible. Date of last appraisal, name of last appraiser and appraised amount, if applicable.
Any information gathered before making a phone call to get a free homeowner’s insurance quote will save you money and help you to find the best homeowner’s insurance coverage for your property. It will also help you to ascertain whether you might want any additional coverage that fit your unique housing situation needs.