YOU ASK:

Can I get an online quote from multiple homeowners insurance companies?

WE ANSWER:

The majority of online quote tools offered by independent sources are very consumer-friendly in that they allow you to get quotes from different homeowners insurance companies just by filling in one electronic application form. However, you should be wary of falling in the trap of certain companies who offer online quote tools on their websites.

It is always highly advisable that you select a website that provides unbiased information about homeowners insurance, how to buy it and where to look for it. You will tell them apart easily - a consumer-oriented website will provide neutral information full of helpful advice and will not recommend a particular insurer or urge you to phone certain numbers.

In addition to this, an independent homeowners insurance website allows you to get a free, no-obligation application form. After clicking on the "submit" button, you can expect to be contacted by representatives of different homeowners insurance companies.

Remember that you don't have to accept anything they might offer you. Carefully compare all the homeowners insurance quotes considering factors such as the policy exclusions (very important with homeowners insurance!), the discounts on offer (which can help you save a lot of money), and all the available endorsements.

What a Typical Online Homeowners Insurance Quote Looks Like

  • Naturally, you will be asked to provide detailed information about your home, such as:
    • Type of home - choosing between condominium, townhouse, single-family, two-family, etc.;
    • The year in which it was built;
    • The home purchase price;
    • Number of square feet;
    • Number of stories;
    • Number of bedrooms;
    • Number of bathrooms;
    • Whether the house has a basement, and whether it has been finished;
    • Whether the house sports a swimming pool;
    • Type of roof - choosing between tile, wood, metal, asphalt or flat roof;
    • Type of construction - choosing between brick, frame or stone;
    • Type of security system, if any;
    • Whether there is central heating and air con;
    • Type of electrical system;
    • Type of garage and number of garage spaces.
  • Your insurance preferences and claim history are also important factors in determining the nature of your quote:
    • You need to specify the desired deductible by choosing an amount ranging from $100 to $2,500.
    • You must also specify the desired liability limits - ranging between $100,000 and $2,000,000.
    • Who your current insurer is.
    • Whether you have filed any home insurance claims in the past five years. If the answer is affirmative, you need to specify the latest claim date, amount and type.
  • Personal information, such as your name, birth date, sex, address, phone number and email address, is mandatory to fill in, so that insurance agent can do the necessary checks before contacting you.
Was this question and its answer useful?
Not a bit
  • Currently 4.8/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Very useful
Have a question about insurance? Ask the experts
Share: