Having a home insurance is indeed important in owning a property. In the event that something wrong will happen to the risk being insured, its loss will somehow be mitigated and even indemnified.
However, before one may choose his or her home insurance company, he or she should first realize that there are some gimmicks in the said industry. And the reality of it was reported by Patrick Collinson via The Guardian:
Welcome to the great home insurance swindle
There can be no argument that the home insurance industry is engaged in the cynical exploitation of elderly customers.
The evidence is overwhelming - just look at the letters below. As is the fact that every company - mutual, cooperative, shareholder, specialist - is in on the game. They have all been seduced by a business model which amounts to offering a teaser rate, then stitching up unsuspecting older customers for years afterwards with absurd premium increases. Read Original Article...
It is a sad reality that such dishonesty may also thrive in these supposed trustworthy companies. That is why it would be good to know how to select a good and reliable home insurance for your property. Finding the best homeowners insurance is relevant nowadays, especially with the reported swindling in the background. And Noel of Money Choice has something to advice:
How to Find the Best Homeowners Insurance
Online websites - As the most common method, the referral website connects homeowner's insurance shoppers with many different insurance providers.
Personal referrals - Experience with a particular insurance provider is helpful when selecting a reliable insurance company that pays its claims.
Traditional advertising - Insurance companies continue to use print and broadcast advertising to reach out to potential customers. Full post...
Now the said advices may work like magic for some but may not yield similar results for others. What is really important in finding the best insurance company is not just their company value, but most especially their values as one company.
