Info on Grand Rapids Real Estate

What I need for a Homeowners Insurance Quote:

Year Built: Most insurance companies need to know what year your home was built.  The age of your home affects the type of risk it is for an insurance company to insure.  A lot of insurance companies also offer discounts on newer homes.For instance, Farmers Insurance offers a “New Home Discount” on homes that were built within the last 10 years or newer.

Square Feet:

The size of your home is very important.  Most Homeowners Insurance policies will insure by Replacement Cost rather than Actual Cash Value, and the size of your new home is a necessity when configuring the Replacement Cost.

Type of Home:

Is your home a 1 story

  •  1 1/2 story
  • 2 story
  • Ranch
  • Tri-level
  • Mobilehome
  • Modular Home
  • Townhouse
  • Condo, etc.

Roof Type:

  • How old is the roof? 
  • Is it Asphalt Shingles? 
  • Does it have a warranty?

Insurance History:

  • Have you ever had a Homeowners Insurance Claim?  If so, how long ago and for how much?

Basement:

  • Is there a basement? 
  • Is it finished? 
  • What percentage is finished? 
  • Is it a walkout basement? 

Garage Type:

  • Attached/Detached? 
  • How many Stalls?

Interior Information:

  • Is the interior of the home Drywall or Plaster? 
  • Covered in Paint or Wallpaper? 
  • Is the flooring mostly Carpet, Hardwood, Tile, Laminate, etc.?

Baths:

  • How many baths does your home have?
  • Full baths?  
  • Half Baths?  
  • Custom Baths?

Chimney:

  • Is there a fireplace?  Gas, electric? 
  • What’s the homes main heating source?
  • How many chimneys?

Renovations:

  • When was the electric updated? 
  • How old is the Furnace? 
  • Has the plumbing been updated?

Farmers Next Generation Homeowners Insurance Policy offers discounts for all three of these types of Renovations.

Additional Features:

  • Does your home have a Deck?
  • Jacuzzi?  
  • Swimming Pool?
  • Skylights?  
  • French Doors?  
  • Sliding Glass Doors?  
  • Hot Tub?  
  • Trampoline?

Contributed to GrandRapidsResource.com by:

David Gregwer at Farmers Insurance

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One response

  1. Your comment about renovations is very, very important. I recall hearing about a home owner in my city that added onto their home. A fire destroyed it later. The insured had never notified their agent or insurance company about the new addition. They did not cover it. arizona car insurance

    January 22, 2008 at 5:08 am

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