home insurance perils
I have trouble deciding on the best home insurance between fidelity and Safeco?
I am buying a house with a 1909 value of 132,000 square feet., Price purchase 90,000 and received two quotes I'e. One of fidelity and one of Safeco: Following the description of any coverage that can tell me what is the best offer. Both Fidelity Danger 1% Housing Safeco 140,000 193,800 Other 14,000 former Living Structures 19,380 additional 70,000 77,520 personal property. 56,000 Loss of use Disclaimer 38,760 Personal 100,000 100,000 Medical Payments 1,000 1,000 Total 796.00 734.00
If I'm reading this correctly, it seems that Safeco is the best quote. However, you does not say what type of homeowners this is, this is a quote for a HO-3? Do you have replacement cost coverage included for the home and its contents? Did you include Sewer / Water Backup Coverage and Ordinance and Law Coverage? I would definitely also increase personal responsibility And $ 500,000 Medical Payments $ 5,000 – the additional cost for this should be between $ 20 to $ 30 per year and will be an additional measure of security for their assets. Also make sure that your deductible is $ 1,000. While checking these additional coverages or endorsements, I would go with the quote from Safeco. Safeco is a great company. Hope this helps. Good luck!
