Insurance Business Blog
A blog all about insurance products by a former agent
© 2015 Insurance Business Blog, all rights reserved

How to get cheaper home

insurance

Whenever one is looking to buy a home, getting home insurance is a necessity that comes with additional pricing. But the fact remains that that they could easily qualify for, thus boosting their savings tremendously on the premiums that are being paid. It is highly suggested that you do your research prior to picking a company, as comparing companies can really highlight the differences in home policies. In addition to this, every home owner should always shop around at renewal time as well because insurance policies hardly ever give discounts for loyalty when it comes to houses. In this article, I would like to highlight some very beneficial ways to get discounts and better premiums on your home owner insurance policies. If you combine multiple of these, you could end up saving quite a bit of money in the long run.   1. Upgrade your home to be disaster proof, meaning add in water resistant features, redo your roof, and add in burglar alarms that are approved. By adding in these types of features, you could reduce the premiums that you pay. 2. Pay a higher deductible, thus meaning that if you lift your deductible from $300 to $800, then you would be able to bring down the premium. Yes you would have to pay out more if a claim was to be made, but if you have savings that you can use to pay part of the deductible, then going this route can save you a lot of money, especially if you’re a safe driver. 3. Join a neighbourhood community that has a watch scheme in place. By doing this, you reduce your vulnerability to hazards such as criminals, thieves, and outsiders looking for an advantage of some kind. 4. Insulate pipes in your home to prevent burst pipes in colder temperatures. Often home owners have to make claims when their pipes break, which of course create a whole host of other problems.  5. Only make a claim when it is absolutely necessary. If you can pay your own way then it is suggested that you do so, as making claims can make your policy more expensive. Always keep an emergency fund on hand so that you have options available to you. 6. Ask for multi-policy discounts, martial discounts, and content insurance discounts. Often home owners can get discounts if they have more than one type of insurance policy with the company. 7. Make an inventory of your possessions otherwise content insurance is not guaranteed. If you cannot prove to the company that you did indeed own those possessions, then the company will not replace them for you. 8. Get an adequate policy, and do not add in extra features if you do not need them. Sit down and take the time to look at all of the different types of policies, as a base policy may be the only one needed which will save you money.  If you can combine these tips in making smarter decisions about your home insurance policies, then you’ll be able to save a lot of money in the long run. Just make sure to get the right policy for you and not choose one that is not adequate enough, just to get the savings.
Insurance Business Blog Graphic House Mansion Country house
Insurance Business Blog
© 2015 Insurance Business Blog, all rights reserved

How to get

cheaper home

insurance

Whenever one is looking to buy a home, getting home insurance is a necessity that comes with additional pricing. But the fact remains that that they could easily qualify for, thus boosting their savings tremendously on the premiums that are being paid. It is highly suggested that you do your research prior to picking a company, as comparing companies can really highlight the differences in home policies. In addition to this, every home owner should always shop around at renewal time as well because insurance policies hardly ever give discounts for loyalty when it comes to houses. In this article, I would like to highlight some very beneficial ways to get discounts and better premiums on your home owner insurance policies. If you combine multiple of these, you could end up saving quite a bit of money in the long run.   1. Upgrade your home to be disaster proof, meaning add in water resistant features, redo your roof, and add in burglar alarms that are approved. By adding in these types of features, you could reduce the premiums that you pay. 2. Pay a higher deductible, thus meaning that if you lift your deductible from $300 to $800, then you would be able to bring down the premium. Yes you would have to pay out more if a claim was to be made, but if you have savings that you can use to pay part of the deductible, then going this route can save you a lot of money, especially if you’re a safe driver. 3. Join a neighbourhood community that has a watch scheme in place. By doing this, you reduce your vulnerability to hazards such as criminals, thieves, and outsiders looking for an advantage of some kind. 4. Insulate pipes in your home to prevent burst pipes in colder temperatures. Often home owners have to make claims when their pipes break, which of course create a whole host of other problems.  5. Only make a claim when it is absolutely necessary. If you can pay your own way then it is suggested that you do so, as making claims can make your policy more expensive. Always keep an emergency fund on hand so that you have options available to you. 6. Ask for multi-policy discounts, martial discounts, and content insurance discounts. Often home owners can get discounts if they have more than one type of insurance policy with the company. 7. Make an inventory of your possessions otherwise content insurance is not guaranteed. If you cannot prove to the company that you did indeed own those possessions, then the company will not replace them for you. 8. Get an adequate policy, and do not add in extra features if you do not need them. Sit down and take the time to look at all of the different types of policies, as a base policy may be the only one needed which will save you money.  If you can combine these tips in making smarter decisions about your home insurance policies, then you’ll be able to save a lot of money in the long run. Just make sure to get the right policy for you and not choose one that is not adequate enough, just to get the savings.
A blog all about insurance products by a former agent
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