Owning a home is a huge undertaking. It involves a big investment and a lot of responsibility. It is imperative that you protect your investment by obtaining homeowner’s insurance. This will help reimburse you in case your house sustains damage, you are a victim of theft, or someone visiting your property sustains an injury.
For things like homeowner’s insurance, there are things that you can do to help lower the cost of your coverage. Things like a home alarm that is monitored by a central location, can help drop your premium almost as much as 5%. You need to have proof of the alarm to show your insurance company, so you have your contract or bill of sale to show them.
When buying a home you can reduce your home owner’s insurance rate by purchasing a house near a fire department. The closer you are, the more benefit you will get and therefore the higher discount on your premiums. Don’t forget to put fire extinguishers around your house for further protection.
If your home is new or very recently built, check with your insurance company to see if you qualify for a discount based on the newness of the dwelling. Many home owner’s insurance carriers offer discounted rates on new construction because the home is less likely to have pre-existing problems or damage.
If you have fire insurance and a fire occurs in your home, damage to your landscaping is usually covered. Many people do not know this and end up having to pay their landscape damages themselves. However, most insurance companies will not pay more than 500 dollars per tree or shrub.
Installing a home security system can help to reduce your homeowner’s insurance premiums. This is true if the alarm system is monitored by a central alarm center or connected directly to a police station. You need to give your insurance company a copy of your bill or contract to get your insurance discount.
You can save a substantial amount on your monthly homeowners insurance payment if you raise your deductible. Of course, the problem with this is that small claims will have to be covered by you instead of your insurance company. But if you’re okay with paying out a few hundred dollars every now and then, then this can be a great option.
When you are looking into homeowners insurance it can be a pretty pricey thing. However if you do your research you can find ways to help lower your premium. One thing that some people do is to combine their insurance policies. Most times when you combine homeowners insurance with your car insurance you can save a certain percentage.
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