How to Buy Homeowners Insurance

Video Transcript

"Hello, my name is Vic Schumacher with HPE Financial Services. I'm an insurance broker and we deal with health insurance, life insurance and annuities. Today we're going to talk about how to buy homeowners insurance. Homeowners insurance is like any other particular product in the insurance industry. You have to decide exactly how much coverage you want and how long you want that coverage for. If something were to happen to this home, what would be the financial loss? Where would you live while this home is being repaired? Once you decide those types of things and how long you need the coverage, then you can contact a variety of insurance companies, you can contact a variety of brokers that represent the companies, and decide what they like. What you like about them. What is the best way to handle this particular thing? They're all going to come back with the same question, the premium is going to be a certain dollar amount. So you have to figure in your own budget as to what you can afford. I hope that answers the question how to buy homeowners insurance. My name is Vic Schumacher, HPE Financial Services, helping people every day."