Homeowners insurance

Don’t forget to review your homeowners insurance in the New Year.

One 2018 chore you may want to add to the list is a review of your homeowners insurance. It may not be top of mind, but it could just make a big difference in the year to come.

There are, though, a number of factors you’ll want to take into account when you do that review. The first factor is catching up with a professional like the ones here at Boca insurance company Seeman Holtz Property & Casualty who can help you through the process. Here are a few others to think about.

Price isn’t the only consideration

We all want the best deal we can get. But don’t be penny wise and pound foolish. Abby Hayes writes in U.S. News & World Report, “Be sure you get the right type and amount of coverage. Shop for value, not necessarily rock-bottom price. Since you’ll mainly deal with insurance companies during times of disaster, make sure the company you choose has great customer service reviews.”

Boca insurance company Seeman Holtz can help with the process.

While the cost of home insurance coverage is always an important consideration when selecting your provider, we believe the coverage terms and conditions, reputation, and financial stability of the insurance company should also be considered as well your financial situation.”

Know your home’s claims history

Your credit history’s very important in very many ways. But did you know your home has a similarly important history, called a claims history.

Hayes writes, “It’s all summed up in a nifty database called the Comprehensive Loss Underwriting Exchange, or CLUE. Essentially the equivalent of a credit report for your home, the CLUE contains all kinds of records of insurance claims on the house. That’s important to know because a claim filed for the property in the past five years could cause your rates to inch upward, even if you didn’t own the home at the time of the claim.”