Under-Insured? – Part 5
This part of our “Under-Insured?” series doe not directly deal with the topic of underinsurance, but instead with how your rates are determined. Because of financial circumstances, many people are tempted to cut coverage in order to lower their premiums. Here at Elzey Insurance, we know it is of the utmost importance to get the best price for your home policy. Most, if not all insurance companies use some form of credit scoring to determine your rates. They cleverly disguise this use of credit scores by calling it an “insurance score”!
Real original, right? But make no mistake about it! The better your credit rating, the lower your rates are going to be! Bear in mind, however, that the use of credit scores is far from standardized. On certain occasions, you may qualify for the lowest rates with one company and the highest rates with another!
There are a wide variety of differences between how companies calculate your insurance rates! That very reason is why Elzey Insurance exists. We are independent agents that specialize in many areas (including home insurance) and sort through the rates of several companies before discussing your options. The key to buying the right amount of insurance coverage is to make sure you buy enough of the right coverage to protect your home and belongings in case of a total loss.
So it does not really matter which company you go with in the end, so long as you KNOW that you have the proper amount of coverage in case of a disaster. If you do not want to spend hours and hours pouring of insurance policies and getting quotes directly from companies, call Elzey Insurance today at 281-998-2500 to know if your homeowner’s policy is the best coverage for the best deal!