What to Expect from…Your Insurance Agent


You are buying a home and have the property selected. You’ve been instructed by your REALTOR® or mortgage consultant to investigate homeowner’s insurance. What should you expect from your Insurance Agent?

You want people on your team that work for you. Providers and consultants that take the time to explain coverage options, benefits and costs in detail; someone that will review your policy and let you know if you need to update or change your coverage. You want an agent who evaluates what is truly best for you and your scenario. You may want to interview the agent/company that currently handles your auto insurance. You may be entitled to discounts for multiple lines of insurance [auto, home, life, etc.]. It is a good idea to get several quotes. Moving all of your insurance needs to one carrier usually saves time and money. Talk with agents that are personally referred to you by someone already doing business with them. Be sure to ask questions! This is your home and your coverage; you need to know what you are paying for and how it protects you.

If you are in a flood area or near a water feature (lake, river, etc.) you could be required to get flood insurance. This is an additional cost for a policy that your basic homeowner’s does not cover.

What information will you need to provide to the agent to get a quote?

Basically you need to provide personal info such as name, DOB, SS# and then all the info on the property – address, date of closing, mortgage company contact information and all the info required to determine the cost to build – brick/frame, square footage, number of rooms, is there a fireplace etc. It’s a good idea to be familiar with the property including the items below so that you can get an accurate estimate.

Estimated Home Value – Construction of Home (example- 10% brick, 90% vinyl siding) – Year Built – Square Footage – # of Stories – Basement/ Crawlspace/ Slab- % – Bed/Baths (full and 1/2) – Garage (example- 2 car built in) – Fireplace(s) – Pool (in ground or above- fenced?) – Deadbolts: yes/ no – Smoke Detector: yes/ no – Fire Extinguisher: yes/ no – Central Alarm: yes/ no – year roof updated (if applicable) – Dogs/ Exotic Pets – Any dilapidation of property? – Trampoline? – If home is 20yrs or older [Year plumbing updated, Year electrical updated, Year heating updated] – Please list any prior claims made on insurance policy – Items of high value to be scheduled in policy (Please list value of each item) – Additional upgrades or renovations

If you don’t already have this information, you can ask your REALTOR® or preview the county tax record [see below].

County Assessor’s Office

Cobb

Gwinnett

Henry

Newton

Rockdale

Walton

Keep in mind that your homeowner’s policy is not a “catch all” for everything that needs to be fixed around the house. The policy is intended to be used for significant repair items. You’ll need some reserves for replacements; some cash you’ve set aside in case the water heater meets the end of its useful life, to take care of annual repair items (paint, caulk, preventative maintenance) and any other unexpected expense. You may also want to look into a home warranty. This is supplemental coverage on plumbing, heating and electrical systems as well as appliances including oven/range, water heater, dishwasher, garbage disposal, trash compactor and specialty items such as built-in bathtub whirlpool, and central vacuum systems. Optional coverage is also available and includes swimming pool and/or spa equipment, well pump, roof coverage, etc. Old Republic Home Protection Co and 2-10 Home Buyers Warranty are two that you can investigate.

Supplemental Information Provided By:
Donna Kellar, Insurance Agent
Simonis & Associates Agency, Inc.
1210 Pennsylvania Ave
McDonough GA 30253insure4you@ymail.com
PH: 678.610.5115
Fax: 678.610.5101

AUTO * HOME * BUSINESS * LIFE * HEALTH * BONDS * ANNUITY

Wendy Bear
State Farm Insurance Agent

1500 Klondike Rd, Suite A101

Conyers, Ga 30094

Office:770-483-4856         

Fax:770-483-4887

Email:wendy@wendybear.net
http://www.wendybear.net

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