How to buy homeowners insurance

You can't be approved for a mortgage without homeowners insurance, which will cover you if a tree falls on your home, a guest trips on your stairs, an intruder makes off with your valuables, and much more. Check out this Howcast video tutorial on how to buy homeowners insurance.

You Will Need

* An estimate of the replacement cost of your home and its contents
* A visual inventory of your valuables
* Insurance rate quotes
* Insurer strength ratings
* A high deductible
* An annual policy review
* A professional appraiser
* A floater policy
* Add-ons for flood and earthquake coverage
* Extended replacement coverage

Step 1. Start with a standard policy
Step 2. Calculate replacement value
Step 3. Assess your belongings
Step 4. Look into more coverage
Step 5. Weigh policy options
Step 6. Shop around
Step 7. Ask about discounts
Step 8. Do an annual review

Tip: If you own a car, always check homeowner rates with your car insurer. Some companies give discounts to customers with multiple policies.