Your home is likely your most expensive and important asset, so it's imperative to protect that investment with the proper homeowners insurance coverage. However, there are many insurance companies, so how do you find the best coverage? The information below will explain what to look for when choosing a home insurance company.

How to Find the Best Homeowners Insurance

Compare Rates

Not all insurers will charge the same amount for coverage. Depending on the algorithms they use to calculate premium rates, one company might charge you hundreds of dollars more per year for the same quality of coverage as another. Therefore, it's important to seek multiple quotes and compare the rates they offer.

Examine Coverage

However, rates are not the only factor to consider. You must also analyze the type of coverage you're receiving. For instance, two policies from different insurers may cost the same, but one may quote with $300,000 of homeowners insurance liability coverage, while the other is quoting with $100,000. Similarly, one may cover hazards that another insurer excludes, such as credit card coverage or glass breakage. Some insurers require you to pay extra for these types of coverage.

Analyze Deductibles

When comparing policies, it's also important to understand the deductible amounts. The deductible is how much you must pay before your insurer is obligated to contribute. Some policies utilize a fixed amount, such as $1,000. Others utilize a percentage of the claim amount so that the amount you must pay out-of-pocket increases as the amount of damage goes up. In fact, with some policies, the deductible varies based on the type of event, such as 3% for fire damage, 5% for hurricane damage, etc. To choose among different offerings, you must understand how much you will pay before your insurance kicks in.

It takes a bit of comparison shopping to find the best homeowners insurance. For expert guidance, contact Northern Kentucky Home Insurance Company, one of the most experienced insurance company in Alexandria, Kentucky. They've been serving the region for more than 115 years and have a long tradition of providing exceptional customer service and invaluable advice. Visit their website for more information on the company, or call (859) 635-2500 to request an insurance quote. You can also find them on Facebook.