Most people's biggest investment is when they buy a home. It makes sense that these homeowners would want to protect their investment as much as possible. Most homeowners probably don't realise that it's their responsibility to not only get their own homeowners insurance, but also to make sure that it's enough to cover the value of their home and everything in it. Hurricanes, fires, floods, earthquakes, hail storms, and tornados are just some of the natural disasters that could cause a lot of damage or even destroy a home.
To make sure you have the right coverage for your area and the right amount to cover any damage or even the total loss of your home and all your belongings, you will need to meet with an insurance company representative or fill out an online insurance quote. Depending on how much your house is worth and where you live, homeowner's insurance can be very pricey. Here are a few tips that may help you save money and get a lower quote for homeowner's insurance.
- Raise your deductible. Your homeowners insurance quote will be lower if you say you will raise your insurance deductible. Just make sure you don't lower it more than you can afford to pay if your home gets damaged.
- Combine your insurance policies. Some insurance companies will give you a discount if you get a quote to cover both your home and your car under the same policy. Most companies offer both types of coverage, so it doesn't hurt to ask. You could save up to 10% on your premium by doing so.
- Shop around. There are many insurance companies out there, and they are all trying to get your business. Many offer different kinds of discounts to get your business, so before you ask for a quote, it's a good idea to find out as much as you can about each company and what discounts they offer.
- Fire alarms and security systems: If you have fire alarms and/or a security system, all insurance companies will give you a discount. Because of building codes, most new homes come with fire alarms, but security systems are usually extra. You may also get a discount based on how far your home is from the nearest fire station.
By using these four tips, you might be able to get a lower quote for your homeowner's insurance and save some money.
