Guide to Choosing the Best Homeowner’s Insurance - Part 1
Cosecha Insurance
As a homeowner, you want affordable homeowner’s coverage. But you also want the best coverage. It’s important to know and understand everything homeowner’s insurance can, and should, cover.
Six Ways to Save on Homeowner’s Insurance
1. Fix Your Credit
Homeowners with excellent credit may save up to 50% over those with a poor credit history, depending on your location. What is it about credit that has such a significant impact on the cost of homeowner’s insurance? Historical data shows a direct correlation between having poor credit and having a higher insurance risk. So don’t be surprised when you call to get a quote and are asked for your Social Security number to do a credit check — checking credit has become a standard practice in the homeowner’s insurance industry. This is what’s known as a “soft check.” In other words, this check does not hurt your credit score.
2. Bundle When You Can
If you have multiple insurance policies, consider bundling them — that is, getting them from the same insurance company. You may also hear this referred to as a “multiline policy” and it’s common with auto insurance and homeowner’s insurance. If you choose to get both of these insurance policies from the same company, you’re a loyal customer and you’re saving them time and effort. In return for those two favorable qualities, you just may discover you’re eligible for additional discounts, making your premiums for all insurance policies more affordable.
3. Consider Hiring a Broker
Think of an insurance broker like an insurance insider — they know all about the industry but aren’t tied to a particular insurance company. They’re able to take your comparison shopping to a new level, not to mention they may know some home insurance tips and tricks that can get you special rates or discounts you didn’t know existed. Plus, an independent broker isn’t going to be fooled by marketing tactics or motivated by commission, meaning you can be sure they’ll help you get the coverage you need and none of the stuff you don’t.
4. Raise Your Deductible
Your deductible — the amount you must pay before your coverage kicks in — and your premium are directly related. If you raise your deductible, you’ll see a lower premium. If you’re looking for immediate savings and have the money on hand to cover the deductible if you need it, you may want to consider raising your deductible. How much? Annual premiums are rumored to be significantly lower if your deductible is $2,000 or more.
If you aren’t confident about being able to pay a $2,000 deductible, then consider what you could afford and see if there’s any room to increase from the deductible you currently have.
5. Home Improvements
If you’ve recently made improvements to your home or have been considering making improvements to your home, you may be able to impact your homeowner’s insurance premium in a positive way. The improvements that make a difference aren’t cosmetic, but rather enhancements to things that improve structure, function and, ultimately, longevity.
6. Keep Your Information Up-to-Date
According to a national survey by the National Association of Insurance Commissioners (NAIC), one in ten homeowners has not reviewed or updated their homeowner’s insurance policy in more than five years. Keeping your insurance company in the loop about any changes to your life and/or your home is one of the easiest home insurance tips and tricks.
Source: gunnmowery
Cosecha Insurance.
Cosecha Insurance, Life Insurance in Houston, Life Insurance Coverages in Houston, Life Insurance Discounts in Houston, Life Insurance Rates in Houston, Life Insurance Policy in Houston, Car Insurance in Houston, Car Insurance Coverages in Houston, Car Insurance Discounts in Houston, Car Insurance Rates in Houston, Car Insurance Policy in Houston, Auto Insurance in Houston, Auto Insurance Coverages in Houston. Auto Insurance Discounts in Houston. Auto Insurance Rates in Houston, Auto Insurance Policy in Houston, Home Insurance in Houston, Home Insurance Coverages in Houston, Home Insurance Discounts in Houston, Home Insurance Rates in Houston, Home Insurance Policy in Houston, Motorcycle Insurance in Houston, Homeowners Insurance in Houston, Retirement Savings in Houston, Social Security in Houston, Unexpected Loss in Houston, Disability Insurance in Houston, Insurance Requirements in Houston, Insurance Companies in Houston, Personal Auto Insurance in Houston, Business Insurance in Houston, Commercial Insurance in Houston.
