Originally Posted by
Kalmado
Insurance dude checking in! Not knocking Omni's comment about finding cheapest by using a broker. However, especially with home insurance some companies will come in at great prices but it's terrible coverage. Try to find the cheapest, but also go thru a reputable company. The big names like State Farm, Allstate, etc are great but your local companies can give great policies at great prices. Also, if the mortgage banker is telling you your home insurance should be X remember this, they are a mortgage banker and they sell mortgages, not insurance. They have zero business giving insurance rates. That would be like your insurance person saying your house payment should only be X. It doesn't work that way.
The main things with the home insurance is to make sure the dwelling is covered at 100%. In the last 18 months I have not written one home under that. Make sure personal property can be replaced and not just ACV (actual cash value). Even though most times people just take ACV because they don't realize just how much money in "stuff" they have is laying around but because it's easy. However, if you have very specific things you want replaced at market value, think an expensive TV or a custom PC, you do NOT want ACV because they'll give most likely a fraction of what you paid. You want to be able to replace it at similar specs that you bought.