People also should take an inventory of their belongings whether they rent or own.

"Lists, videos, photos and receipts are a must," said Kreidler. "Without proof of ownership and value, the claims process is much more difficult and it could leave you disappointed with the settlement if you experience a loss."

A home inventory checklist and more information about shopping for homeowners insurance is available on the Insurance Commissioner's Web site at

Kreidler urges people to call his Insurance Consumer Hotline at 1-800-562-6900 if they would like more information about insurance.