I called up Geico, with whom I have an automobile insurance policy, to see about getting homeowner’s insurance because I’ll need a policy in place before we close on Friday. I was basically completely unprepared for the battery of questions the CSR asked me but we struggled through it and came up with a quote on a $295,000 policy with a $500 deductible of $843/year. I’ll be sure to compare that rate with other insurers but $70/month seemed reasonable to me at first glance but I have no experience with homeowner’s insurance. However, I probably answered some of the questions inaccurately so if you’re going to get a quote, here are the questions you should have answers to:
These were sent to me in an email by the CSR, who worked for Travelers (underwrites policies for Geico):
Here is a list of questions of good to know information because they will probably ask this of you.
- Address of home
- Year of construction
- Type of construction
- Square footage of home
- Type of roof material
- Condition of roof (Excellent, Good, Fair)
- Type of heat (Oil, gas, electric, other)
- Any form of alternate heat (woodstove, kerosene heater, or electric space heater)
- Distance to fire hydrant (in feet)
- Distance to fire department (in miles)
- Is there a garage?
- Is there a porch, deck, breezeway attached? What dimensions?
- Security/protective devices:
- Deadbolt locks?
- Are there smoke detectors?
- Do you own a fire extinguisher?
- If home is older than 1990
- Year roof was replaced or original
- Year heating was updated or original
- Electrical service- circuit breaker or fuse box?
- Purchase price/Current coverage amount
- If purchase price- contact person for lender, phone # and if possible, fax #
I hope that comprehensive list is helpful for someone so you don’t sound like a dope when you call in. 🙂
One company I’ve been told we should check out is Liberty Mutual because they give discounts to my alma mater. I’ll probably give them and perhaps one other company a call just to get an idea of the quality of the $843 quote.