Hammering Down The Cost Of Homeowner’s Insurance – Guest Post
The ease with which you can purchase or renew homeowner’s insurance will differ depending on which state in America you live, but for the majority that don’t have to deal with issues such as natural disasters, it’s a straightforward process.
It may be relatively stress-free, but it’s still another financial burden to deal with, along with all the other outgoings that combine to put such a great strain on our finances. Yet, for some of us, there is a series of practices that can be adopted that may result in immediate savings on home insurance and, in some cases, could knock hundreds of dollars off bills on a yearly basis.
As with most things – like buying the property in the first place – the first step on the road to cutting your expenses is to be proactive in the search for discounted insurance. Get as many quotes as possible from many different companies. The easiest way to do that is to insert all your details into a price comparison website, because within seconds you’ll get a clear breakdown of all the different deals available.
While you may be happy with the online results, pause a moment before you click that ‘purchase’ button. That’s because you may be entitled to more reductions. If you already have auto insurance then it’s worth ringing your current provider and talking to an agent about the possibility of getting a policy that covers both your vehicle and your house at a lower rate than if you take out separate plans. Being a long-standing customer with any business is a good bargaining tool, so make it work in your advantage.
Raise your deductibles to lower the overall price of homeowner’s insurance as well. This is the amount a person has to pay before the insurance company’s liability in the event of making a claim. While this may seem on the surface to be risky, consider the long-term impact if it means getting cheaper premiums.
Improving the security of a property tends to have an impact when it comes to getting a cost-effective insurance quote so it could just be the right time for a spot of impromptu DIY.
Installing burglar alarms, smoke detectors and dead-bolt locks on all external doors is a cheap and easy way of not only making a house safer for you and your family, but also of making massive savings on your insurance premium. Also make sure you’re paying for what you actually need to in terms of the policy itself. There are numerous add-on costs that may not be applicable or your circumstances could have changed over time.
Ultimately, if you’re in any doubt over how you can have a direct impact on the price of your homeowner’s insurance then ask your provider. Talk to your insurance agent to see what extra measures you can take as it varies from state to state and every individual case is different. It may change nothing, but it’s got to be worth a shot, right?
Once you’ve settled on the right deal for you, remember that it pays to chop and change every few years, so be sure to always be on the lookout for more ways to save on your homeowner’s insurance.
This article was provided by moneysupermarket.com, the leading price comparison site. Their car insurance service features a wide range of companies to help car owners find the right cover for their vehicle quickly and easily.