Having worked in the insurance industry for most of my career, I’ve talked to many people about the benefits of a West Bend insurance policy. While many people were interested in learning more, I often heard that getting a quote is confusing and time consuming.
Buying a different insurance policy isn’t exciting or fun and it can be overwhelming. However, you owe it to yourself to make sure you have the best coverage available for you and your family.
The next time you consider getting an insurance quote, here’s some of the information you’ll need to provide to your independent insurance agent.
Homeowners Insurance
Owning a home is probably the biggest financial investment you’ll make. It’s important to make sure it’s adequately protected. Here’s some information you’ll have to provide regarding your home.
1. Residency.
Who lives with you;
Home address;
How long you’ve lived there;
Marital status;
If business operations are conducted from your home; and
If you have any pets.
2. Home characteristics.
Year built;
Total finished square footage;
Number of stories;
Number of bedrooms;
Number of bathrooms;
Safety features (i.e. home security system, fire sprinklers etc.);
Roof type and age;
Exterior construction; and
Home improvements (i.e. finished basement or remodeled kitchen.)
3. History.
Who’s your current insurance company?
How much is your current coverage on your home and personal property?
Do you have a mortgage and if so, name of your mortgage company?
Have you had past insurance claims?
Renters Insurance
Renters insurance is more straightforward. Its purpose is to cover your personal belongings, as well as provide some liability coverage.
It’s important to understand, that there are a couple of misconceptions about renters insurance. People often tell me their property owner has insurance or they don’t own anything expensive so they don’t need it. Most often, the property owner’s insurance policy only covers the building. In addition, if you add up your personal belongings, you’ll probably be surprised about their value. What would you do if you lost everything in a fire?
Auto Insurance
While not all states require auto insurance, they do require financial responsibility. Financial responsibility means that if you cause damage or injury to another person or their property, you have the financial means to pay for the damage.
Here’s some information you’ll have to provide for an auto quote.
1. Vehicle information.
Purchase date;
Vehicle type i.e. year, make, model;
Vehicle Identification Number (VIN);
Current insurance company;
Garaging location;
Loan information;
Safety devices; and
Business or personal.
2. Diver information.
Full name;
Date of birth;
Marital status; and
3. Driving history.
Tickets and accidents; and
Mileage driven each day.