Before you go any further, you ought to look at the financial stability of the homeowners insurance company. Over the years, several people have lost their money by selecting homeowners insurance companies without giving thought to the financial stability. Like any other entity the homeowner insurance provider will require to be financially stable to sustain their business operations as well as their clients. Although recent laws have set a cautionary limit, it is still advisable to do your due diligence to ensure that you are choosing a homeowners insurance company that will continue operating into the future. You can determine the financial stability of the homeowner insurance provider by requesting for the current financial statement. It would also help if you looked at the profitability as well as the projected growth.