Checklist For Buying Home and Contents Insurance
Congratulations! You have decided on an insurance provider to underwrite your home and contents insurance. Here is a list of information you will need to have ready in order to help the insurance provider write your policy:
- The home insurance company will ask for details such as the address, age and structural condition of your house.
- How many people reside in the house, what their relationship is to the owner (family or boarders) and whether you have any pets.
- Have ready any valuations conducted on the property. This will also include any renovations or building work that has added value to the property.
- When signing up for insurance, find out whether your house is in a natural hazard zone or in a flood area. Every home insurance company will ask this question. This information can be found on the LIM report for your property, or by contacting your local council.
- The home insurance company will ask specific details about your home, such as the material your house is made out of, what material the roof is made out of, measurements of the living area and garage, as well as the value of any additions to the house (such as a spa or swimming pool). Most of this information can be obtained from the LIM report for your house or from your local council.
- The insurance company will also require paperwork and information for any prior insurance claim that has been made on the property.
When it comes time to purchase house or contents insurance, make the process easier by having all the above information. By providing accurate, honest information, cheap insurance is a sure thing.