Centex building my home and wants me to get homeowners insurance through them. My Realtor recommended a State Farm agent. Who do I go with? I need to decide before we close on the loan.
Don't go through Centex! Best bet is if you have car insurance & they also write Homeowners, you will get MAJOR discounts for multiple policies. If you have Farm Bureau Insurance where you live they are usually the cheapest or if you are military go with USAA- they are even cheaper but you have to be military. Shop around for the best deal. Good luck!
Well, they EACH have their own best interests in mind.
What you need to do, is get a quote from Centex, get a quote from State Farm, and you should probably ALSO call another independent agent or two, and get a few MORE quotes.
As your house is under construction, you want to be darned sure that the homeowners policy will have a "builders risk" endorsement on it - and it would be best if you clarify in your contract, who is responsible for building materials on site, BEFORE they get attached to the structure - because those are high theft items. If that's YOUR responsibility, you want to make sure that your homeowners policy with builders risk endorsement will cover that.
So. There's no shortcut. You have to shop around to see what's best for YOU.
Call around to several agencies. If the home is still under construction you need to ask for a "Course of Construction" policy. Be aware that these types of policies do not cover personal property, so once your home is done and you move things in you need to contact your company and change over to the standard homeowner policy.
Be sure to ask what types of coverages your home builder is requiring in addition to the lender's requirements to make sure the company you choose is able to meet those requirements.
call several agents for quotes. look for one that can insure with more than 1 company.
if you choose state farm, allstate or american family, they can only quote their prices and not other companies.
if you have auto insurance, you may get a discount with that insurance company due to multiple policies.
Try this site
http://hinsurance.notlong.com
here you can get quotes from different companies so you can find the best option for you.