Steps to Insurance Comparison

When you are looking for insurance, you will need to compare premium rates and programs offered by various companies. The Office of Public Insurance Counsel (OPIC) provides a chart for comparing policy coverages. Texas insurance comparing is also accessible on the TDI website.

The OPIC obtains the comparison chart from the Texas Department of Insurance (TDI). Insurance for homeowners, vehicles, health and tenants can be compared. Only updated information is published on the website Consumers must consult an insurer before buying a policy.

The comparison chart shows a list of coverages contained in each policy. The language of the policy must be taken into account. The charts also display the perils of each policy. These are perils of relevance to Texas insurance consumers. The chart does not show all perils, hence you must check with your insurer to see the extent of each coverage.

It is important to realize that policy forms may be written by several insurance companies. Policy forms written in red on the chart are those written by more than one insurer.

The following can be deduced from the chart: The homeowners, condominium, and renters insurance offers a wide range of coverages for Texas insurance consumers. The coverages depend on the consumer's type of residence or dwelling. Consumers must compare standard policy forms with other types of forms.

The coverage in the base policy can be changed. This occurs when an insurer adds endorsements to your policy. The chart shows all the changes that affect your policy for all endorsements.

The most important aspect shown by a comparison chart is the "complaint index". This index shows the number of complaints filed by clients against the insurer. A company with a high customer complaint must be avoided.

Coverage for condominiums includes internal walls, ceilings, floors and personal property. Coverage does not include external walls. Coverage for tenants only includes personal property. The rented flat or building is not included in the policy. Consumers have a choice. You can compare homeowner, condominium and renter's insurance.

Source by Ted Kripps