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What information do I need to have ready to get a premium indication?
First it is good to have in mind that what most people consider as quotes are
only rate indications based upon the information that is given to the insurer.
If an omitted detail could change your insurance premiums or insurability of
your risk. Therefore all indications you receive cannot be guaranteed and
are subject to final underwriting by chosen insurers.
Now,
what would you like to get an estimate on?
Home Owners
top
In order for a property to be insured properly we need to know the exact
ownership of the property.
To make sure that the property is valued correctly you will be asked to
provide the dimensions of every building and every floor. You may make
estimates keeping in mind the more accurate you are the more correctly you
will be insured and the fewer surprises when the insurer inspects the
property. Remember to include additional features such as decks,
garages and anything else that is attached to the structure.
To the insurance that most agrees with your opinion of how much coverage you
need on the property you should consider the following. If the
building is leveled would I want to replace it? If there is a partial loss
would I want to repair the building back to the way it is now? If
either of these answers is yes you need a replacement cost settlement
option.
Contents or property that is not affixed to the buildings that you want to
insure will need to be covered under personal property, business personal
property or inland marine coverage. You will need to decide on
replacing or getting the actual cash value at the time of loss for these
items. Keep in mind that over time the actual cash value decreases on
most things. Then determine how much coverage you will need.
You will need to know how far you are from the responding fire station and
if you over 1,000 feet from a fire station.
You will need to list all losses you have had on any property that you have
an interest is within the last five years.
Is there any business use of your home, including rental apartments,
boarders, day care etc.?
You will need to share when the building was constructed and when the major
updates where completed. Insurers are particularly interested in
electrical, plumbing, heating, roofing updates have been done.
What deductible do you want? They range from $250 to $5,000 depending the
insurer. In some cases for very large building there may be higher
deductibles available.
Are there dogs on or permitted on the premises? If so what type?
Mobile Homes
top
You will have more insurance options if you can provide the year, make,
model and serial number.
In order for a property to be insured properly we need to know the exact
ownership of the property.
To make sure that the property is valued correctly you will be asked to
provide the dimensions of every building and every floor. You may make
estimates keeping in mind the more accurate you are the more correctly you
will be insured and the fewer surprises when the insurer inspects the
property. Remember to include additional features such as decks,
garages and anything else that is attached to the structure.
To the insurance that most agrees with your opinion of how much coverage you
need on the property you should consider the following. If the
building is leveled would I want to replace it? If there is a partial loss
would I want to repair the building back to the way it is now? If
either of these answers is yes you need a replacement cost settlement
option.
Contents or property that is not affixed to the buildings that you want to
insure will need to be covered under personal property, business personal
property or inland marine coverage. You will need to decide on
replacing or getting the actual cash value at the time of loss for these
items. Keep in mind that over time the actual cash value decreases on
most things. Then determine how much coverage you will need.
You will need to know how far you are from the responding fire station and
if you over 1,000 feet from a fire station.
You will need to list all losses you have had on any property that you have
an interest is within the last five years.
Is there any business use of your home, including rental apartments,
boarders, day care etc.?
You will need to share when the building was constructed and when the major
updates where completed. Insurers are particularly interested in
electrical, plumbing, heating, roofing updates have been done.
What deductible do you want? They range from $250 to $5,000 depending the
insurer. In some cases for very large building there may be higher
deductibles available.
Are there dogs on or permitted on the premises? If so what type?
Rental Property
top
In order for a property to be insured properly we need to know the exact
ownership of the property.
To make sure that the property is valued correctly you will be asked to
provide the dimensions of every building and every floor. You may make
estimates keeping in mind the more accurate you are the more correctly you
will be insured and the fewer surprises when the insurer inspects the
property. Remember to include additional features such as decks,
garages and anything else that is attached to the structure.
To the insurance that most agrees with your opinion of how much coverage you
need on the property you should consider the following. If the
building is leveled would I want to replace it? If there is a partial loss
would I want to repair the building back to the way it is now? If
either of these answers is yes you need a replacement cost settlement
option.
Contents or property that is not affixed to the buildings that you want to
insure will need to be covered under personal property, business personal
property or inland marine coverage. You will need to decide on
replacing or getting the actual cash value at the time of loss for these
items. Keep in mind that over time the actual cash value decreases on
most things. Then determine how much coverage you will need.
You will need to know how far you are from the responding fire station and
if you over 1,000 feet from a fire station.
You will need to list all losses you have had on any property that you have
an interest is within the last five years.
You will need to list all occupancies of the building. For example 10
studio apartments on the 2nd to 4th floor and 2 retails stores on the first
floor and basement.
You will need to share when the building was constructed and when the major
updates where completed. Insurers are particularly interested in
electrical, plumbing, heating, roofing updates have been done. Lead
paint is a concern for any residential occupancies. So if there has
been lead abatement, is there a certificate?
What are the occupancies of the buildings nearest yours and how far away are
they?
What deductible do you want? They range from $250 to $5,000 depending the
insurer. In some cases for very large building there may be higher
deductibles available.
Are there dogs on or permitted on the premises? If so what type?
All prices, programs, features,
underwriting, offers, representations and companies shown in this site are
subject to change without notice. We may add or discontinue a company or
program or an insurer may change underwriting criteria or product line
availability without notice to us. With the insurance industry constantly
changing we may not be able to keep the site up with the latest information.
For the up to date info please contact us. All insurance applications are
always subject to current underwriting rules, acceptance of the insurer and
adequate premium paid.
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