YOU ASK:

What do I need to do to get good Oregon home insurance coverage?

WE ANSWER:

If you live in Oregon, you can consider yourselves lucky: with the average Oregon home insurance rate being below the national medium, price should not be an issue when it comes to searching for the right Oregon home owners policy. What you should focus on, instead, is finding a coverage that will adequately protect your home and your personal possessions if they suffer any damage.

Things to Consider When Buying Oregon Home Insurance

  • Think about the exact amount of money it will cost to replace or repair your home and your belongings in the worst case scenario, such as if they are completely destroyed by the hand of Mother Nature. Compile an inventory with all your possessions and have a realtor evaluate how much they are worth. Your coverage should be no more or no less than the replacement cost of all your personal property that is at risk of loss.
  • It is recommended that you buy Homeowners liability coverage in addition to the coverage to your dwelling, adjacent structures and personal belongings. Accidents do happen and you should protect yourself from legal liability in the event somebody is injured on your premises.
  • Set your deductible as high as you can afford: you can save as much as 25 percent on your home insurance premiums by setting the amount of money that you will pay out of your pocket in the event of a loss - to $1000.
  • Similarly, to save money on home insurance, make sure you take advantage of all discounts that are available from your insurer. Oregon home insurance providers offer a wide range of discounts such as senior citizen discount, non-smoker discount, security device discount, etc. You can get reduce your home insurance premium amount most dramatically if you make improvements to your home, which make it more resistant to natural disasters.
  • Keep a good credit record: this is an important factor determining home insurance rates.
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