Unfortunately, most homeowners insurance policies don’t cover damage caused by an earthquake or a flood. You have to buy earthquake insurance and flood insurance separately.

Replacement Cost for Your Home is Not Based On Current Real Estate Prices that change based on the area of town the house is located and the market. In real estate looks at what someone else will pay for your home. Insurance is based the rebuild cost. Example, after a fire, there would be the cost of tear out before you even start the rebuild. A contractor's cost is not based on the area of town you live in. There is also a 80% Coinsurance provisions in the policy that require the insured to purchase and maintain 80 percent of the structure’s insurance replacement value at the time of the loss; this means that if the insured structure’s replacement value is $100,000 and there is an 80 percent coinsurance requirement, the insured must carry $80,000 of coverage to receive full payment for a partial loss (less any deductible). Each insurance company has methods to calculate replacement cost.

Insurance inquires do not affect your credit score. You are not applying for a loan so the credit request is flagged as being for insurance only. However your credit score can give you a lower rate on both Auto and Home Insurance. Most companies use credit-based insurance rates. Leaving off your social security number when requesting a quote will result in either a non-quote or a high rate on the quote.

◾Monitored Alarm systems for smoke, fire, and burglar. ◾Raising your deductible and adding an auto policy for a auto-home discount. ◾Replacing the roof, water heater, Central air and heat, plumbing system, and electrical will give discounts.