Homeowners Insurance Buying Guide

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Homeowners Insurance Buying Guide

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Get the Right Coverage The best test of an insurer is how well it handles claims. Some major insurers provided significantly better satisfaction when it comes to handling claims than others.

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Fight for Your Claim Don't be afraid to make a small claim. According to our subscribers, 57 percent suffered no price hike after making a claim if their claim was for less than $5,000.

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Don't Underinsure You can also save by avoiding out-of-pocket costs arising from coverage that's inadequate to begin with. Eight percent of subscribers who filed claims found themselves underinsured. 

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Look for a Better Deal Home insurance is not as price-competitive as auto insurance, but you can still save hundreds to more than $1,000 a year in premiums by shopping around.

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Reduce Your Risks Losses beget out-of-pocket expenses and 29 percent of the time, higher premiums. So nip them in the bud by reducing your risks so you can save home insurance.

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Start by doing what insurers explicitly give discounts for. Smoke detectors, burglar alarms, and dead-bolt locks can be worth a 5 percent premium home insurance discount. 

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Impact- and fire-resistant roofing materials made of asphalt, rubber, cement, and metal can get you further discounts because they stand up better against hail, debris, and embers—the primary cause of damage from wildfires. 

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In hurricane-prone areas, storm shutters for doors and windows, hurricane-resistant siding, and a code-standard roof that can withstand winds up to 130 mph will help your home withstand a storm.

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HOME INSURANCE Al Buhaira Tower, Khalid Lagoon, Buhaira Corniche. P.O. Box – 6000 Tel: 06 517 4444 Fax: 06 574 8855 E-mail:abnicho@albuhaira.com

Summary: The best test of an insurer is how well it handles claims. Some major insurers provided significantly better satisfaction when it comes to handling claims than others.Don't be afraid to make a small claim. According to our subscribers, 57 percent suffered no price hike after making a claim if their claim was for less than $5,000.

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