When it comes to home insurance, it’s natural to have questions. Understanding your coverage options and finding the right policy can seem overwhelming. That’s why we’re here to help. In this article, we’ll answer some frequently asked questions about home insurance to provide you with the information you need to make informed decisions.
What factors affect my home insurance rate?
Insurance rates are personalized to fit your specific circumstances. However, several factors typically influence your home insurance rate. These may include:
- The cost to rebuild your home
- Building costs in your area
- Types of construction materials used
- Optional coverages
- Likelihood of damage due to a disaster (e.g., wildfire, wind, and hail)
- Distance to a fire hydrant and fire station
- Prior claims history
- Exclusions and policy limitations
Your AHI Agent will work with you to find the right coverage, terms, and pricing that suit your individual needs.
What types of things can lower my premium?
Many factors can lower your premium, and there are some proactive steps you can take to save money. One of the easiest ways to save is by bundling both your homeowners and auto insurance with AHI. Additionally, raising your deductible may also reduce your total insurance premium.
When do I need to start thinking about homeowners insurance?
If you’re buying a home, it’s best to start thinking about your insurance options between 60 days and a month before closing. Planning ahead will ensure that you aren’t faced with last-minute decisions. At AHI, we can run the numbers for you based on different coverage scenarios, helping you make the right choices.
What is a deductible?
A deductible is a specified amount of money that you must pay out of pocket before your insurance will cover any expenses if you need to file a claim. Deductibles are applied on a per-incident basis for each covered loss. It’s important to understand your deductible and choose one that aligns with your financial situation and risk tolerance.
Do I have to get flood and earthquake insurance?
The need for flood and earthquake insurance depends on where you’re purchasing your home. Your mortgage company will inform you if flood or earthquake insurance is required for your area. However, even if it’s not mandatory, you may still opt to add this protection voluntarily where it’s available.
Which insurance companies will AHI quote?
AHI is an independent insurance agency. This means we shop across a variety of well-established insurance companies to help you find the best combination of coverage, terms, conditions, and pricing available. Our goal is to ensure that you have access to the most competitive options in the market. If your rates go up or your coverage needs change in the future, we’ll be here to help you reevaluate your options.
Will AHI provide support after my home purchase?
Absolutely! At AHI, we’re committed to providing ongoing support and assistance. Whether you need advice, want to review your coverage, or explore the potential savings of bundling your auto or life insurance, we’re just a phone call away. Contact us anytime at 888.325.8108, and our team will be delighted to help you.
Conclusion
Buying a home is a significant investment, and having the right insurance coverage is crucial for protecting your property and belongings. By understanding the factors that affect your home insurance rate and knowing the options available to you, you can make informed decisions that provide peace of mind. At AHI, we’re here to guide you through the process, ensuring you have the coverage you need at a price that fits your budget. Contact us today and let us help you find the perfect home insurance policy for your needs.
Remember, AHI is your trusted partner for all your insurance needs. We’re here to support you every step of the way.
