Residential Insurance Home-Renters

Residential Insurance: Homeowners and Renters 26 • Take the time to shop around for homeowners insurance. Compare prices, service, and coverage. CDI premium surveys can help with premium comparison. You can call the CDI Hotline for further information and discussion. • Provide complete and accurate information to your agent or broker when requesting a premium quote or completing an insurance application . • Check the status of the broker or agent’s license; always make sure they have a valid license. You can check the status of a licensee on our website at www.insurance.ca.gov or by calling our toll free number. • Read all applications or finance agreements before signing. Make certain the application and/or the binder reflects the limits and deductibles, coverage purchased, name of the insurance company, effective and expiration dates, and residential property covered. Never sign a blank form or something that you do not understand. Obtain and keep a copy of all signed documents in a safe with all your other vital records. • If you can afford to take a bit more of the risk, a larger deductible may significantly reduce your premium. • Never pay in cash. All checks should be made payable to the insurance company or to the agency, not personally to the broker or agent. • Read your policy when you receive it. Don’t file it without checking to see that the coverage, limits, premium, and other information are correct. Also, read through the policy carefully to identify your rights and obligations and the company’s rights and obligations under the terms of the policy. Some Final Tips