Reply to Reasonable estimate for Homeowners Insurance?

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[quote=Anonymous][quote=Anonymous]Also, not all policies are the same-- some give you true guaranteed replacement, some give you just the insured amount, and some are in-between.[/quote]

14:06 here and the above is true.  Policies differ with respect to coverages and exclusions, so it can be difficult to get a true apples to apples comparison.  For example, coverage for losses caused by flooding are usually not covered under a homeowners policy.  BUT, some insurers that cover higher-end homes have some coverage for flood.

Things to know when getting a quote:
Desired coverage limit for both the structure of your home and contents of your home
Desired liability coverage amount
How much of a deductible are you willing to pay?
If there is damage to your home will you get actual cash value (replacement cost minus depreciation) or replacement cost?
Any special items to insure, i.e., expensive jewelry, artwork, etc.
Do you have pets? Will you be covered if your pet bites someone? (Some companies will not cover you if you own certain breeds of dogs.)
Do you have a home security system? Usually qualifies for a discount.

Then ASK the company if they have any other discounts.  You won't know unless you ask. 
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