Home Insurance Roseville, CA

Home Insurance in Roseville, CA

If you reside in the Roseville area and have just purchased, plan to purchase, or recently renewed a home insurance policy, this article is for you. If you were comparison shopping for home insurance quotes, you likely realized quite quickly that the number of insurance companies was a bit overwhelming. The legalese seems to go on and on and you are left with a list of price quotes and no written policy to base your final decision from.
Unfortunately, this is a common complaint of many people that are looking for home insurance or trying to trim their current insurance rates. The majority of people that are looking for home insurance quotes will shop based on two main factors, reputation and price. However, there is a lot more to consider than just that. If something happens and you need to make a claim, you will want to be sure that you are covered.
Insurers are Trimming Back
There have been many changes in the insurance arena in the past few years. Insurers have been decreasing coverage while raising deductibles and also changing restrictions. There are many reasons for these changes but the main contributor to this is that homeowners insurance generates the very least amount of profit. The tumultuous weather patterns coupled with the state of financial affairs in the U.S. are the main culprits. In fact, many insurers will no longer write home insurance policies in areas that are the hardest hit and when they do the premiums are extreme.
What is most important is to fully understand what you are covered for and what is not covered. Read your policies and find out exactly where the cuts were made. For example, people expect that if a pipe bursts that everything will be covered and in the past it likely would have been the case but two words changed that — toxic mold. Even leaky pipes may be covered but it will likely be contingent on the leak being very recent, even if it was concealed.
Additional Benefits
So, the real question is, what can you do to protect yourself? Find out what your home insurance covers and then evaluate where you may need to purchase some riders to add to that coverage. For example, if you tend to have floods and your policy does not cover them, you can buy a rider to cover floods but it these replacement benefits may be pricey. Even this type of coverage is subject to limitations.
Protect Yourself
Added coverage does not come without restrictions and policies when it is time to file a claim. It does vary per state and in California the time frame in which to use your replacement benefits or they will expire is one year. Some states offer two years and many offer six months. It cannot be stressed enough that people must read and understand their home insurance policies so that if the time ever comes to file a claim you know what is covered and what isn’t. Protect yourself!

Thank you for your time
Curtis Peterson/President
CA License # 0F96366