Real Estate - Save money on home insurance
Save Money on your Home Insurance Bills
By Nan Wood
Since your home is your most important and valuable asset, you need to carry insurance to cover all inevitabilities. You should do some research to determine if you are getting the best buy. Some of the ways to reduce the actual cost of this insurance coverage are:
1. Raise the deductible – Raising the deductible is the most obvious way to reduce the expense of insurance. The higher your deductible, the lower your premium will be. It is possible to raise your deductible from $500 to $1000 and reduce your insurance cost up to twenty-five percent.
2. Disaster proof your home. If you are in an area where your home is susceptible to hurricanes or tornadoes, consider adding shutters and other reinforcements to protect your dwelling.
3. Home-security sytems - Installing a home security system can reduce your insurance cost. Contact your agent and ask what this will do for you prior to installing it. If you install a fire or burglar alarm system that notifies the police or a monitoring company, the insurance provider generally will give you a discount.
4. Combine policies - By combing my automobile insurance and homeowner’s insurance I was able to get a fifteen percent discount. Request individual policy costs, as well as, a combined cost to determine which way to go.
5. Longevity – Insurance companies tend to give long time customers with a good track record, larger discounts.
Be sure you understand how much coverage your are purchasing and the cost of this insurance. On pay for the insurance you really believe you need. Do your due dilligence.
Nan is a Real Estate Agent with an online research site RealEstate
By Nan Wood
Since your home is your most important and valuable asset, you need to carry insurance to cover all inevitabilities. You should do some research to determine if you are getting the best buy. Some of the ways to reduce the actual cost of this insurance coverage are:
1. Raise the deductible – Raising the deductible is the most obvious way to reduce the expense of insurance. The higher your deductible, the lower your premium will be. It is possible to raise your deductible from $500 to $1000 and reduce your insurance cost up to twenty-five percent.
2. Disaster proof your home. If you are in an area where your home is susceptible to hurricanes or tornadoes, consider adding shutters and other reinforcements to protect your dwelling.
3. Home-security sytems - Installing a home security system can reduce your insurance cost. Contact your agent and ask what this will do for you prior to installing it. If you install a fire or burglar alarm system that notifies the police or a monitoring company, the insurance provider generally will give you a discount.
4. Combine policies - By combing my automobile insurance and homeowner’s insurance I was able to get a fifteen percent discount. Request individual policy costs, as well as, a combined cost to determine which way to go.
5. Longevity – Insurance companies tend to give long time customers with a good track record, larger discounts.
Be sure you understand how much coverage your are purchasing and the cost of this insurance. On pay for the insurance you really believe you need. Do your due dilligence.
Nan is a Real Estate Agent with an online research site RealEstate
posted by Nan at 12:19 PM
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