How to Compare Homeowners Insurance Companies

​Insurance companies will differ in many ways. Some would give you lower quotes, some higher. However, some would give you good coverage, and some won't. Thus, you need to know how to compare homeowners’ insurance companies if you don’t want to regret your choice of policy later on. Here are some tips on how to compare home insurance companies.

Compare Statewide Costs and Insurers
You should make sure that your insurer is not only legitimate but also creditworthy. Don't just visit the insurance website to check on the company. Visit your state's Department of Insurance website and check the status of that insurer. This can help you with how to compare carriers.

Perform a Company Health Check
Before you get into a home insurance company, consider its score on the top credit agencies' websites. That should include Standard & Poor's, Moody's, A. M. Best and others. Also, get your hands on Weiss Research as well as the National Association of Insurance Commissioners. They tackle consumer complaints a lot, so you should see which one people mostly complain about.

Look at Claims Response
After a significant loss, the burden of paying you for the repair of your home rests on your insurer. Thus, find a way to check the financial status of your insurer. Also, check out the claims procedure for your policy once you've bought one. Do your due diligence on checking out the track record of the company when it comes to paying claims.

Current Policyholder Satisfaction
Check out the reviews on how the company actually handles claims service. Don’t rely on the company website. Check out the retention rates of companies and make sure they’re around 80% at least. Use annual reports and testimonials from clients in independent review sites.

Always Look Beyond the Price
Check out the annual premium and check out what is the factor that basically pushes the purchase of home insurance policies. When choosing one for you, don't look at the price alone. Instead, compare limits and coverages as well as perks.

Some Final Words
Talk to real people or those authorized by the insurer. You may want to talk with an independent insurance agent who has a relationship with multiple companies. Above all, do your search early and give yourself that peace of mind you deserve with a homeowners' insurance policy.

At Leigh Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (904) 826-0799 or Click Here to request a free quote.