Home is perhaps the most prized asset of man and it is no surprise that home insurance is one of the most popular insurance types. In the US, home insurance is highly popular and particularly, California home insurance is gained all the more importance since California is highly prone to natural disasters which cause immense damage to properties and assets.
However, although California home insurance is important, one should keep in mind various factors, particularly the cost of home insurance.
Before buying a new home, one would want to weigh many factors before you purchase—including the cost of California homeowner's insurance, since insurance costs in California are higher owing to rising instances of earthquake, wildfire or high tides.
One should always do, when buying a new home in California, the following:
• Check out the history of the home, the neighborhood and surrounding area
• Request a Claims Loss Underwriting Exchange (CLUE) report to back up any information the insurance agent may have given one regarding the history of the house.
California Earthquake Coverage:
Since earthquake is a major threat to the Californians, Californian law requires that earthquake insurance should be available to all those residents who are eligible for California homeowner's insurance. However, although most private insurance companies integrate earthquake coverage into one's home insurance policy, one would also need to buy separate earthquake insurance through a company underwritten by the California Earthquake Authority (CEA).
For more information on California homeowner's insurance and earthquake coverage, one can contact the California Department of Insurance at (800) 927-HELP.
Home Insurance Companies in California includes:
• Freeway Insurance (Call: 800-464-7283)
• McHugh Insurance Agency (Call: 626-287-1357)
• Allstate Insurance Company (Call: 800-416-4218)
• GEICO Homeowners Insurance (Call: 877-211-8975)
• Brooke Insurance Services (Call: 888-462-9888)
• American Home Shield (Call: 866-851-1206)
