Residential Insurance

Residential Insurance: Homeowners and Renters 18 In short, there is no substitute for reading your policy and your renewal declarations carefully. Whenever you are uncertain about your policy, you need to contact your agent, broker, or company for clarification in writing. Discovering after a loss that you did not have the right coverage is not a situation you want to experience. For more detailed information on residential claims, please see the CDI’s Residential Property Claims Guide. This brochure helps you navigate the claims process and discusses hot topics such as water damage, mold, and replacement cost. Remember, if you only shop by comparing prices only and not by comparing coverage, you are doing yourself a disservice. Your home is one of the most important purchases you will make. Take the time to get the facts straight before you purchase homeowners insurance. It may be one of the best decisions you make for yourself and your family. Before shopping for insurance, you may wish to consider visiting the CDI’s website (www.insurance.ca.gov ) to review the Homeowners Insurance Premium Comparison Tool and the Homeowners Coverage Comparison Tool. These resources will help you compare premiums charged by insurance companies that sell homeowners insurance in California, as well as comparing the coverages they offer, so you can make a more informed decision.