As with any type of insurance, you are probably interested in getting the best possible deal on home insurance. Fortunately, there are tools that make it possible to not only shop for policies, but also to compare homeowners insurance with multiple quotes to find the best one for you.

For some homeowners, price matters more than anything. However, this should not be the case, as overall value is more important than cheap rates. Consider both premiums and deductibles. Think about the costs of rebuilding your home. How much will it cost to replace literally everything that is your home and the property is completely destroyed? The current value of your home and the price to rebuild will not be the same. Try to estimate how much you’ll be able to pay in worst-case deductibles, and keep that in mind when doing your homeowners insurance comparison.

Here are some of the factors that affect the insurance quotes you’ll get:

• Type of construction and age of the home

• Rent

• Credit score

• Deductible

• Certain risk factors (swimming pool, trampoline, aggressive dog breeds, etc…)

• Claim history

• Roofing material

• The garden / property / landscape

Older homes have a higher chance of something going wrong with regards to electrical wiring, plumbing, HVAC systems, roofing, and general construction.

Home insurance Comparison of types of coverage

There are certain things that general home insurance policies do not cover. Make sure you know exactly what is and is not covered before you make your choice. Sometimes these are gaps in coverage, where the policy owner thought he was protected but had incorrect or insufficient coverage. Such problems can be avoided by carefully reading the terms of each quote provided to you.

Flood insurance, for example, is not always covered in basic policies. If you live in an older home and are concerned about the plumbing, or live near a body of water, this is something you definitely want to think about. All it takes is a few inches of water to completely destroy your flooring and some of your furniture. Even a small stream can turn into a raging river if it rains hard enough.

Sometimes discounts are available, especially if you install safety and security equipment.

Where can you start with your home insurance comparison? All you have to do is search the unique insurance platform created by Lemonade. It even has a clever AI bot that will help you create the perfect insurance for you. Get affordable and reasonable rates, especially when you use Lemonade House Insurance discounts.