Bill Frehse, a top insurance agent, is here with me to discuss important information regarding homeowners insurance.
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The most important thing to remember about homeowners insurance is to have a relationship with your insurance agent so you can sit down with them and make sure all your bases are covered.
No matter the company, all policies have limitations, be it for theft, guns, sterling silver, jewelry, earthquakes, or floods. You need to talk about the documentation of your personal property so you can get reimbursed, and you also should discuss replacement coverage so your items don’t depreciate.
You don’t need to meet often; every two or three years should do. Things change over time, so by the time that period passes, you could be over- or underinsured. If you don’t say anything, that will only continue. Take the bull by the horns and make sure you’re properly covered.
The most important thing to remember about homeowners insurance is to have a relationship with your insurance agent.
Like a real estate agent, it’s important for your insurance agent to know what your needs are. That way, they can tailor the policies to what you really need. Also like real estate, if you have a bad insurance agent, you’re in trouble. When it’s time to make a claim, you may be left out in the cold.
The biggest mistake people make regarding homeowners insurance, according to Bill, is related to price. Many people want to get the best price, so when they go with a cheaper option, they usually get the short end of the stick. There are companies that don’t have a lot of assets behind them, and many agencies sell those options because they are cheaper. You need to be careful out there; if you can’t afford a quality company, then your options are limited. However, you can always pay a higher deductible in order to get a quality company.
If you have any questions for Bill Frehse regarding homeowners insurance, he can be reached at his Charleston office at (843) 762-2005.
For other questions regarding real estate, feel free to reach out to the Downing Group. We’d be happy to help.
The biggest mistake people make regarding homeowners insurance, according to Bill, is related to price. Many people want to get the best price, so when they go with a cheaper option, they usually get the short end of the stick. There are companies that don’t have a lot of assets behind them, and many agencies sell those options because they are cheaper. You need to be careful out there; if you can’t afford a quality company, then your options are limited. However, you can always pay a higher deductible in order to get a quality company.
If you have any questions for Bill Frehse regarding homeowners insurance, he can be reached at his Charleston office at (843) 762-2005.
For other questions regarding real estate, feel free to reach out to the Downing Group. We’d be happy to help.
