Thursday, October 28, 2021 02:09

Insurance Agent – Video4

Q. We have a saying in the mortgage industry that it’s not always about rate. Sometime a lender will offer a great rate but the terms will be restrictive terms. What should a first time home buyer be aware of when searching for the best deal on their home insurance?

A. That’s certainly true in the world of insurance as well.  Cheap is not good. I’ve seen quotes from different companies for the same home with the same people living in it from $40 a month to over $100 a month. Really the difference is going to be in how that company protects you and looks after you at time of claim. You don’t want to be saving $10 or $20 a month and find out that it costs you tens of thousands of dollars at time of claim. Your best option is to sit down face to face with an agent. The more that agent understands about your lifestyle, your property and your possessions, the better he or she can properly protect you. Don’t get so hung up on cheap, make sure that you understand what you’re protected for, what you’re not protected for and then make your decision on whether that’s good value for your money or not.