Since residential insurance often protects your largest financial investment, plan on taking enough time to conduct a comprehensive search of the insurance marketplace when purchasing insurance.
The greater the extent of your search, the greater the opportunity to find residential insurance that meets your specific needs.
Whether you are interested in purchasing homeowners (including fire only), renters, condominium unit owners, or mobile home insurance, it is important to shop and compare insurance products just like you would when shopping for any other important consumer purchase.
One of the most crucial steps in shopping for insurance is to be informed about what you are purchasing.
The State Department of Insurance provides several tools to help consumers who are shopping for residential insurance.
In addition to consumer information guides, you can use the Homeowners Premium Survey, the Consumer Complaint Study, and Insurance Company Profiles to gather valuable information on residential insurance companies.
Also, you may want to investigate coverage through the State Fair Plan, if you are having difficulty obtaining residential property insurance.
You can contact the companies directly for quotation information by telephone or by utilizing their website (if applicable).
Remember that licensed insurance companies come in many shapes and sizes.
Whether large, medium, or small, licensed insurance companies are required to follow the insurance laws and regulations in the State.
When shopping for insurance choose the company that best meets your needs for service, coverage, and price.
If you have additional questions or concerns regarding residential insurance, you may contact your State's Department of Insurance, Consumer Affairs Division for further assistance.