One of the wonderful aspects of the Internet is that it gives you the ability to find out home insurance pricing on a large scale. In fact, you can even get an accurate number on how much it would cost you to buy the home or car of your choice, including what your monthly payments would be and your interest rate based on your credit history.
Not all home insurance carriers are the same
The frustrating thing is that there are some industries where the value you are quoted rarely seems like the amount you will actually pay in premium. This is especially true within the homeowner’s insurance industry.
Most people head to a site, enter their personal information according to what is asked of them, and they are given a value of what they would pay yearly to protect their home. They agree to that amount and then they are told that some further evaluation is being made, and to hang on for a few moments. Thirty seconds later, the value appears on the screen and it is not what they were quoted previously.
Even more aggravating is the fact that the amount you are to pay always seems to go up. There rarely seems to be a time where the amount you will pay goes down. So, what causes this? It may make you wonder how accurate are our homeowners insurance calculators?
Houston Home Insurance Quotes
Texans don’t take too kindly to this kind of chicanery, and with good reason. They expect to pay what they are told they need to pay and are understandably a little irritated when a different amount is told to them. So, what is behind all of this?
The truth is that most of these online calculators that you will come across are basing insurance on very basic kinds of information. Because of privacy laws, they cannot ask you very private specific questions like social security number upfront, so they don’t have the full picture of what the insurance cost may be when they make their initial cost analysis.
They Are Being Real
Consider that there are many people who are understandably concerned about having their personal information stolen and used for nefarious reasons. If an insurance company asked you for your social security number, driver’s license number, address, and information about your employment upfront, you probably would close that webpage down right away.
They have to make an assessment based on the information you provide, which is usually no more than the amount of money you make, have you had insurance claims in the past, and the value of your home and property. This allows them to create a rather superficial determination of how much you would pay to protect your home and property each month.
It’s partly about your integrity so be honest
While this may be a little irritating to you, the truth is that you actually have a part in how accurate the value is that will be displayed to you. A lot of people think that if they leave off prior claims or accidents they may have had, the insurance company will not be aware of this and they will be able to get a lower rate based on their withholding of information.
Keep in mind that they are going to have a complete record of all kinds of claims you have made. This means that if you are withholding information, they are still going to find it out before they give you the final quote. It is to your advantage to make sure that you are being upfront and truthful when supplying the information asked initially.
Understand that these calculators are just a tool. They are giving you an idea of what you may pay each month, but it is up to you, to be honest, and upfront with them so that you get the most accurate initial value to what you will pay for the yearly homeowners insurance in Houston.