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Rhode Island Homeowners Insurance Quote

There are multiple ways to go about getting a Rhode Island Homeowners Insurance Quote. This article will arm you with the tools to get the best quote for your homeowners in RI, what to look for, and how to compare quotes properly. Keep in mind that getting homeowners insurance quotes, in Rhode Island or the rest of the county, is the first step to protecting your family at rates you can live with.

The Internet And Rhode Island Homeowners Insurance Quotes

The Internet has given us the best gift we could ask for – an easy way to get a Rhode Island Homeowners Insurance quote. Our free quote tool even automatically compares quotes from different companies for you. Or, almost every company now offers its own site with the information you are looking for. Either way, the Internet will provide most useful when trying to get quotes for your homeowners.

If you already have an agent you use for different insurance, get the quote from them and then compare it to what you find online. However, the next important factor is ensuring that you are comparing the same types of coverage, or as we often say, comparing “apples to apples.”

Use the free quote finder at the top of the page to get started comparing quotes on RI home insurance now!

Compare “Apples to Apples” For Rhode Island Homeowners Insurance Quotes

When receiving multiple quotes, especially online, it is vital that you confirm all the prices are quoting the same coverage. Homeowners insurance can be very confusing because it offers so many variations to meet individual needs. Here is a breakdown of what you need to look for in your homeowners quote for Rhode Island.

There are eight types of  homeowners policies (H01-H08), but the most common form is referred to as contract number H03. In this type, your real property (home, garage, and potentially other structures on your lot) is covered for all types of risks except those specifically excluded. Some of the most common exclusions include:

  • Earthquakes
  • Floods
  • Tornados

For these and other excluded risks you will need to purchase a separate policy (ask your agent or insurance company for more information).

For personal property, it is set up differently.  Personal property is covered only for listed “perils”, or risks. A common example is vandalism that would be a covered risk, however, you will see all these listed out on your policy.

How A Rhode Island Insurance Quote Describes Coverage

A policy in Rhode Island is broken into two separate parts: property and liability coverage.

Property coverage includes four components:

  • Coverage A: This is for the home or residence, and this limit will need to be at what it will cost to rebuild the house, not what you paid for the house.
  • Coverage B:  This covers detached structures on the property not used for business or as a rental.  Again, this should be at limits that will cover the rebuilding costs.
  • Coverage C:  This includes personal property within your household.  The best way to keep track of this is to keep an inventory of high and medium priced items, but typically the limits are at least 70% compensation of your personal items.
  • Coverage D: This coversloss of use, or in other words, if you were forced out of your home for a covered reason, this would reimburse you for time lost in your home.

Liability coverage includes two components:

  • Coverage E: This is for personal liability, such as if someone brought a claim against you for an accident occurring on your property.  These limits should at least be at 100,000, but are suggested to be higher.  Another protection to look into is something called an umbrella policy, which will give you additional personal liability protection over your home and automobile.
  • Coverage F: This is formedical payments if a claim occurs on your property resulting in medical attention, and the limits usually begin at $1000.

Lastly, just as with car insurance, there is a deductible on homeowners insurance. For those of you new to the insurance game, deductible is a term used to describe the money you would be responsible for out of pocket before the insurance kicks in.

For example, if you have a $5,000 water damage claim submitted and a $1,000 deductible, you are responsible for the first $1,000 of the damage and the insurance pays the remaining $4,000. The same rule applies as to auto insurance: if your deductible is higher, your yearly premium is lower.

So now that you know how a homeowners policy is set up, it is easier to distinguish if the policies you are comparing are the same coverage.

Get Started With Free Quotes For Rhode Island Homeowners Insurance Now!

Use the free search tool at the top of this page to get information and a Rhode Island homeowners insurance quote comparison!

Compare multiple RI homeowners insurance companies best quotes side by side online.

Get started with a free Rhode Island homeowners insurance quote comparison now!

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