For most people, it’s one of, if not THE most expensive asset they will ever own.
Don’t you think it’s worth a few minutes to understand how you are/aren’t protected when something goes wrong?
Note how I did not say “if” something goes wrong; I said “when” something goes wrong.
Find me someone who has owned a home for 10 or 20 years that at some point has not had to at least consider making a home insurance claim.
I imagine that would be quite difficult.
Keep It Local
I get it.
Those online quotes and fancy social media ads can be awfully enticing…especially when the numbers can look so much better than the ones you might get from a local broker or agent.
Here’s the thing…that person taking your order (if it’s even a person) doesn’t have any skin in the game.
And that’s fine so long as you never need to ask a question or possibly make a claim.
But when you need to make a claim (and again, you almost definitely will), what will your recourse be when said cheap company doesn’t answer the phone…or refuses to pay out….or isn’t in business anymore, etc., etc., etc.
Any service professional (insurance provider, real estate agent, financial planner, etc.) who has been around for a while will tell you that reputation is of extreme importance.
If he/she doesn’t service you properly and/or provides bad info/advice, it shouldn’t take very long for word to get out in the community.
I would never feel comfortable putting something as importance as insurance in the hands of a nameless/faceless agent on the phone.
And this is coming from someone who loves using and taking advantage of technology to its fullest.