Know Your Risk Level
How old is your home? How much rain do you get? Are hurricanes or tornadoes prevalent in your area? What about vandalism? These are all questions you need to ask before you set you're deductible. It's no secret, raising your deductible will lower your costs. However, you risk paying a lot of money out of pocket if something goes wrong. As a result it is important to understand what risks are associated with your home before applying for an insurance policy.
Check All Options
Most people want to get their homes insured as quickly as possible, and it is understandable why. However, don't rush so much that you don't get the deal you're looking for. Taking a couple of extra days to make your decision probably won't cost you anything and can save a lot of money in the long run. Make sure that you search through all of your possible options before making a decision. Every insurance company will offer you different options for their insurance, and it's up to you to find the perfect fit.
Consolidate Your Policies
Many companies that offer home insurance also offer auto insurance, and vice versa. If you buy both from the same company, you will give your insurance company more incentive to offer a discount. After all, they make more money that way. Furthermore, if you buy home and auto insurance from the same companies, it becomes a lot easier to pay the bills which can save time and hassle. Finally, staying with the same company for a number of years can often lead to reduced premiums. You can multiply that bonus by consolidating your policies.
Make Your House More Secure
Insurance companies often adhere to statistics and play percentages, this means that they will wonder how likely it is that you will need money from them. If you add a security system to your home, you become safer for insurance companies by reducing the risk of robbery, vandalism and other crime. This also increases your ability to minimize damages. Another note to consider is that frequent home maintenance can result in a cheaper insurance.
Separate Home Costs from Land Costs
Take the time to see if the land is included in the insurance policy. Many home owners aren't as worried about the land and as a result could save more money by excluding it from the insurance policy.
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