Oregon Homeowners Insurance

There are many good reasons that you might be searching for Oregon homeowner’s insurance.  Homeowner’s insurance helps keep your OR residence protected from loss due to various disasters.  It is a safeguard that allows homeowner’s to have insurance coverage on their personal belongings and their house so, in the case of a loss, they can afford to rebuild their life.

Oregon homeowner’s insurance is available to every homeowner and there are plenty of great rates and policies to fit everyone. Use this guide to get pointed in the right direction.

Once you have finished reading through this guide then be sure and save yourself some time and money by using our free Oregon home insurance quote finder at the top of the page.

Deciding How Much Oregon Home Insurance You Really Need

When looking into an Oregon homeowner’s insurance policy the first thing to consider is that you need to get enough insurance to cover a total loss of your home and its contents.  This includes such things as:

1. Furniture
2. Jewelry
3. Valuables
4. Personal items
5. Vehicles
6. Tools
7. Collectibles

Basically, you want to be able to replace everything that you own.  So, you have to start by figuring a rough estimate of what everything would cost to replace it. It’s also a great idea to take pictures of especially valuable items for future proof.

You also have to consider liability.  You may not have any idea how much liability coverage you will need.  This is something that your Oregon homeowners insurance agent should be able to help you with.

The basic idea of liability is to have enough that would protect you if someone gets hurt on your property and then sues you for damages.  With all the possibilities, it can be hard to figure how much you need, but an agent should be able to give you an average for the area in which you live.

Of course, there is no one right answer to this question. Even for 2 people who live in similar homes in the same area. Make sure you consider your financial situation when deciding insurance coverage amounts.  You want to be sure that your policy will really cover you and that you will be able to afford the deductibles, plus anything not covered by your insurance policy.

4 Important Points To Consider About Oregon Homeowner’s Insurance

When you are creating your policy you need to consider a few important points.  The following 4 points explain what you need to consider and why:

1. The Deductible – This is the amount you will pay before the insurance will pay out.  Your deductible needs to be affordable, but at the same time you should make it as high as possible.  This is because higher deductibles mean lower premiums.
2. Coverage Options – You will likely be offered many different options.  You need to get adequate coverage, but avoid coverage you do not need or that you are pretty sure you will unlikely ever need.  This will help keep your costs low.
3. Legal Requirements – While there are no actual laws in Oregon that require homeowner’s insurance, mortgage companies do.  Most of the time they also have minimum coverage requirements, so be sure to know what your mortgage lender requires.
4. Extra Coverage – No insurance policy offers flood insurance and many do not offer earthquake coverage. You will usually have to ask for these types of coverage.  Make sure that if you live in an area where coverage is important that you add this extra coverage to your policy.

Ways To Save Money On Oregon Homeowner’s Insurance

There are quite a few things you can do to save a little money on your Oregon home insurance policy.  Here are some ideas:

1. Choose coverage and deductibles carefully so you get adequate coverage without going overboard.
2. Make repairs and changes to your home.  Adding security features like smoke detectors, dead bolt locks and a security system will bring down insurance rates.
3. Ask for discounts.  The company may offer discounts that you do not know about.  See what they have and take advantage of them.
4. Fix your credit record if possible.  Insurance companies check your credit and use that as part of the basis for determining your rates.
5. Compare quotes from multiple companies. Make sure to shop around and compare rates from various insurance companies to find the best deal.

Take a few moments to do some of these quick things and you can be well on your way to finding a cheap Oregon homeowners insurance policy.

Compare Oregon Homeowners Insurance Quotes Now!

In addition to the above ideas about saving money on your OR homeowner’s insurance you should also shop around.  Shopping around allows you to see what is available and makes it so you can find the lowest rate.

Start shopping around by getting quotes from various companies.  You can use our quote tool above to get started and find several quotes today.  It is simple to use and the results are quick.

Why not get started comparing Oregon homeowners insurance quotes now?