How to Save Money
Introduction - we all want to save money on our Home Owner Insurance quote but is there
anything we can actually do to assist to bring the price down at all.
The following information may be useful to you in securing a discount.
Your Policy Deductible -
a policy deductible refers to the first portion of any loss than you have to
pay yourself. Sometimes these deductibles are compulsory and sometimes they are voluntary.
By increasing your homeowner policy deductible you can reduce your
premium. The discount you will be offered will vary from insurer to insurer but
you can save anything from between 10-35%. Deductibles usually start at $250.00
but you can go as high as $5000 if you so wish. Before selecting an increase
deductible, please make sure that you are in a position whereby you can afford
to pay this amount in the event of any claim.
Where You'll Live and your Type of Home -
this may seem a a little strange to consider when you are buying you're home
by location does have a big influence on Homeowner Insurance prices. In some
cases premiums can vary by as much as 30% or more.
A newer home will be consider to be a more sound proportion than an older
property and will usually attract a lower rating.
%Living in the right home, in the right place can alone cut your rates by 30% or
more. Newer houses are considered more structurally sound than older ones. Also
pay attention to the design and build of your home, has been constructed with
attention paid to any local weather conditions such as earthquake or floods.
Don't Include your Land Value in Insurance Cost -
this can cause a lot of confusion as the value of a property is not often the
same as the rebuild cost. Remember, the land that you property stands on will not
normally be at risk from perils, insure for the cost of rebuilding your home, do
not include the value of the land it stands on.
Homeowner Security Systems - Fitting quality locks to your home and/or
installing an alarm can help prevent Thefts.
if you have improved the protections at your home since the last renewal, it is
worth pointing this out, you may qualify for a discount.