Homeowner Insurance Advice
Save With A Higher Deductible
Similar to car insurance, policies have deductibles, and the same rule of thumb prevails, carry the largest deductible you can afford to pay. The larger your deductible, the higher premium credit you can expect to receive from your homeowner insurance company. Your savings has the potential to reach 25% by increasing the deductible from $100 to $4000.
The majority insurance homeowners companies offer for smoke detectors, burglar alarms, dead bolts, fire extinguishers, and Neighborhood Watch Areas. Dwellings with a fire and burglar alarm system hooked up to a third-party monitoring company receive greater discounts than homes that did not.
Consolidate Policies to Save
Insuring two or more vehicles with the same insurance company can save you ten to fifteen percent on your premiums. If you cover your homeowners insurance and auto insurance together, you can lower your premiums by another ten percent to fifteen percent.
Verify Windstorm Areas and Distance to Fire Stations
If you live outside the city, youll pay higher rates for your home owners insurance than if you lived in town. ? Its because of the longer distance to your local fire station. If you live more than miles from the nearest fire , and more than 1,000 feet from a fire hydrant, you will almost definitely pay a higher rate.
Save Money When You Renew Your Policy
If you have not had a claim under your policy during the past three to five consecutive years, you could be eligible to receive up to a discount, depending on the homeowners insurance company. Plus, most companies will discount your premium if your policy has been in force for 3 straight years.
Mortgage Free Savings
Many insurance companies target those who have mortgage and offer those homeowners premium savings of up to five percent.
Renovated and New Home Discounts
A majority of insurance companies offer a discount for new homes, and you can qualify if your home was built in the last years. Also, a recently renovated home costs less to insure, so find out when the last major electrical, heating and plumbing update was completed on the home.
The easiest way to know if you are receiving the best rates possible on your home insurance is to go online and compare rates. Even if your home is mobile, you can compare and receive a very competitive RV insurance quote online and know that you are paying the lowest rates possible no matter what type of home you are insuring.
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This entry was posted on Monday, May 25th, 2009 at 4:38 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.