Think Switching your Home Insurance Company is Complicated think again

In today’s economy every effort must be made to get the best value for your money. Gone are the days when being overcharged or simply spending too much for a good or service is acceptable. Every dollar saved is important when faced with mounting debt and an unsure economic future. Homeowner’s insurance is no different. Are you spending more than you need to for homeowner’s insurance? Can you get the same coverage for less cost? The answer is probably yes.

Many homeowners purchased homeowner’s insurance at the time they bought their house. It was just one more expense to home ownership. At the time of closing, you may not have had the time to shop around for the best price. You may have been referred to your current homeowner’s insurance company by the bank or Mortgage Company who sold you a mortgage. You got the coverage, closed on the house, moved in, and just paid the monthly bill. Now is the time to find out if you are getting the best deal in homeowner’s insurance. Now is the time to get a new homeowner’s insurance quote. This is simple to do and it may save you significant money.

The first thing to do is contact your current homeowner’s insurance company and ask them for a new homeowner’s insurance quote for your current policy and coverage. This only takes a phone call. Once you have this information, contact other companies and ask for them to furnish you with a homeowner’s insurance quote for the same coverage. All insurance companies will be delighted to do this. When you get the additional homeowner’s insurance quotes, compare them side by side. You will be comparing apples to apples since you are looking at the same coverage in all the quotes.

After you have looked them all over you are ready to make a decision. You can pick the cheapest premium homeowner’s insurance or maybe you want to choose another company with a higher rate but a better reputation. Ask your family and friends what companies they use and what kind of service they received. Find out if anyone has negative things to say about any of the companies you are considering.

Once you have made your decision, make the call. Call the company and tell them you would like to switch to their homeowner’s insurance company. They will do all the paperwork and help you end your relationship with your old company. You can call your old company and cancel the policy at any time. You do not have to wait for the policy to come up for renewal. You can ask for a refund of any premium payments you made in advance. Once you make the switch the new company can contact your mortgage company and give them the new information.

This whole process is very easy and worth looking into. Switching homeowner’s insurance companies does not have to be a nightmare and it may even be the best thing you ever did. Why not start the process now and be on your way to big savings?