A: Homeowner’s insurance is an area you do not want to economize on, as you may experience deep regret when making a claim. With recent devastation, it’s a reminder of the importance of solid insurance.
As you begin shopping for coverage, look at what is covered and focus less on the price. Some insurance agencies tend to assume consumers are price sensitive, thus starting with the cheapest premium with less coverage.
San Francisco’s labor and material costs are higher than anywhere else, so you’ll want to account for replacement coverage on construction costs at a rate higher than inflation due to recent fires that have disrupted supply and demand in this area. Lastly, find a local insurance agent that you can meet in person to review coverage details and price. In the unfortunate event you need to exercise your insurance benefit, you will have a real person on hand.
Ashley Henderson, Compass, 415-841-2118, [email protected].
