Q: What factors affect my home insurance rate?
A: Insurance rates are highly personalized to fit your specific circumstances, but may include factors such as the cost to rebuild your home, building costs in your area, types of construction materials used, optional coverages, likelihood of damage due to a disaster (e.g., wildfire, wind—including hurricane—and hail), distance to a fire hydrant and fire station, prior claims history (including previous losses at another residence) and exclusions and policy limitations. Your AHI Agent will work with you to help you to find the right coverage, terms and pricing for your individual needs.
Q: What types of things can lower my premium?
A: Many factors can lower your premium. One of the easiest things you can do to save money is to bundle both your homeowners and auto insurance with AHI. Raising your deductible may also reduce your total insurance premium.
Q: When do I need to start thinking about homeowners insurance?
A: When buying a home, it’s best to start thinking about your insurance options between 60 days and a month before closing so you aren’t faced with last-minute decisions. We can run the numbers for you based on different coverage scenarios to help you make the right choices.
Q: What is a deductible?
A: A deductible is a specified amount of money that you must pay out of pocket before your insurance will cover any expenses if you need to file a claim. Deductibles are applied on a per-incident basis for each covered loss.
Q: Do I have to get flood and earthquake insurance?
A: It depends on where you’re purchasing your home. Your mortgage company will tell you if flood or earthquake insurance is required for your area. If it’s not required, you may still opt to add this protection voluntarily where it’s available.
Q: Which insurance companies will AHI quote?
A: AHI is an independent insurance agency. That means we shop across a variety of well-established insurance companies to help you find the best combination of coverage terms, conditions and pricing available. If your rates go up or your coverage needs change in the future, we’ll be here to help you check out your options again.
Q: Will AHI provide support after my home purchase?
A: Absolutely! Contact us anytime at 888.325.8108 for advice, to review your coverage or to see if bundling your auto or life insurance could save you money.