I had to quickly call a few companies for homeowner’s insurance. There are few critical numbers that you need to get ebfore calling for a quote. In Maryland, online quotes are not available so you will have to speak with a CSR (customer service rep) to get a quote. Here is what I discovered.
Some minor things you will need to know is what the house is constructed of, whether it be brick, plaster, horsehair, or hay, the insurance comapny has to know. The first place I called was Geico because I have car insurance with them. They claimed that the discounts were built into the quote. I found otherwise. The interesting thing was that it was probably the second highest quote that i received. Another company I received a quote from compared apples to apples and it was cheaper by $200! Since, Traveler’s Insurance is only a large underwriting company for Geico, the discounts aren’t really that substantial. The car insurance rates did not go down either. So do your homework and call a few places.
Next, you will need to know the following:
- Distance to the nearest fire dept. and nearest fire hydrant
- What year your house was built
- The square footage not including the basement
- What type of roof do you have?
- porches and/or decks
- knowing the age of your renovations is good too
- any security alarms or fire alarms and is it a passive or active system? Meaning does it call the fire department or police department in the case of an emergency.
These few things should be known to receive an accurate insurance quote. A through home inspection will typically get you information of this nature pretty easily. Once you have selected your insurance company, they will need your lender’s contact information and the costs will be settled at closing. I really thought it was going to be tougher, but thank god for the internet. I will let you know more about the insurance once I get the ball rolling.
I know I missed some things, please let me know!