
Homeowners Insurance 101
Before you get a homeowners insurance quote, understand the basics of home insurance. What is home insurance? Find out that information and more.
By Jeremy Brewer, Director, National Property Product at COUNTRY Financial
Home insurance is a necessity to protect you financially should you experience significant, costly damage to your home. And, as with many household expenses, you may be looking for ways to save on home insurance. Here are some ways you can cut costs without skimping on your coverage.
Many home insurers offer discounts. You may be eligible if you made improvements to your home such as replacing your roof, installing a home security system or smart home technology like water leak detectors. You may also be eligible to save if you pay on time or avoid claims for a specified amount of time. COUNTRY offers the following home insurance discounts:
Many home insurers offer discounts if you bundle your home and auto insurance, along with any other insurance products you might need. COUNTRY Financial offers a multi-policy discount for clients who have both home and auto policies with us.
Your insurance agent can help you choose a deductible that works for your budget. If you want to lower monthly premium costs, you can choose to increase your deductible.
It’s important to understand that lower coverage and higher deductibles may provide some savings in the beginning, but at claim time it could mean paying more money out of pocket. If you have a home insurance claim and the coverage isn’t sufficient, or the deductible is high, you may have to cover more out of pocket than expected.
It's also important to understand the type of deductible you have – whether it’s a set dollar amount or a percentage. With percentage deductibles, as the cost to rebuild your home increases so will the level of your deductible.
Make sure you review your home valuation with a representative. A verified valuation is key and may save you money on premium or at the time of a claim. If you have concerns with your level of coverage, talk to a representative. There may be additional coverage options available to help provide you with peace of mind.
These are just some ways to lower your home insurance rates. Contact a local representative to find out more.
Learn more about COUNTRY Financial home insurance and get a home insurance quote.
Updated 6-30-23
Before you get a homeowners insurance quote, understand the basics of home insurance. What is home insurance? Find out that information and more.
Read these home insurance tips and call your insurance agent before making an offer on a home. Get the insurance claims history, a home insurance quote & more.
Homeowners insurance protects your investment in your home, but how much home insurance do you need? Learn how and when to set home insurance limits.
Connect with your insurance agent or call us at 866-COUNTRY (866-268-6879). Find out more about home insurance.
COUNTRY Financial® is a family of affiliated companies (collectively, COUNTRY) located in Bloomington, IL. Learn more about who we are.
Home insurance policies issued by COUNTRY Mutual Insurance Company®, COUNTRY Casualty Insurance Company® or COUNTRY Preferred Insurance Company®, Bloomington, IL.