New blog article: Auto and Homeowners Insurance Basics That Everyone Needs to Know

[Elizabeth_FICO]

Hello everyone! If there's a new blog article that I think you guys might like I plan on posting it in the Forums.

This week's article is: Auto and Homeowners Insurance Basics That Everyone Needs to Know

Let me know what you think about the article.

For more content don't forget to check out our blog.

[TrapLine]

Good to know information.

A credit union gave me a small loan for a vehicle purchase and to my surprise they also shared the minimum coverage limits they required on the vehicle. Never had that happen before. Not a problem but for some it might have been a challenge especially since my agent said our geograhic area was seeing at least a 22% rate increase in auto coverage and companies were not out ot buy the business. When I got the renewal my eyes almost jumped out.

Usually shop all insurances every two years and have save a lot doing it. Loyalthy is rendered to a book for reference. This year the agent said only three of his twenty-three companies were writing new business in our geo.

[AndySoCal]

If you are living in the state of California homeowners insurance can be very challenging. Here is a suggestion which I will use. The link is to the  California Department of Insurance. There are several things it can supply 1) Is a list of of companies that are underwriting insurance 2)  the compare premium feature can give you a general idea of what each insurance company would charge. You would need a quote for your residence. 3) A list of companies that offer earthquake coverage. You can learn what other types of insurance the company offers.

https://www.insurance.ca.gov/01-consumers/105-type/5-residential/index.cfm 

Also the complaint history with that insurance provider

@TrapLine   Based on your post it sounds like you live in California. I heard a similar comment from an insurance agent.