Home Insurance -- Steps To Help You Save

Are you committed to cutting down your homeowners insurance costs by reducing your insurance premium? Then you're reading the right article. I'll give you several guaranteed tips that will make you qualify for many discounts. And this will be without reducing the level of coverage you get. Here are the tips...

1. It pays to buy more than a policy from the same insurance carrier as this will attract massive savings. This is called a multi-policy discount and is available with all insurance companies. Even though you'll get discounts for buying multiple policies from the same insurer, you may make more by purchasing each of your policy from different insurance companies.

2. You can make your home almost disaster proof thereby reducing your risk and, as a result, your home owner insurance rates. You can do this by taking all the inevitable precautions against fire and burglary in addition to the following depending on where you live...

a. Storm shutters will give your home better protection from wind damage.

b. Using a heavier roofing material will reduce your risk factor thereby making you get more savings on your homeowner insurance premiums if you reside in a windy area.

c. Retrofitting your house as a defence against earthquakes.

d. Dry limbs on trees could easily cause injuries that will lead to liability claims. So make sure you cut off all dry or dead limbs on trees on your property.

e. Make sure you don't have tree branches with limbs above your roof or near your building. This is because tree limbs over or close to buildings could easily cause extensive damage if they fall off for any reason. Moreover, having these over your roof could seriously lower its lifespan depending on the material employed.

Your agent will tell you other things that you can do to make your home a lower risk to your insurer.

Also find out the cost-effectiveness of each advice you receive. Implement those that are cost-effective and you will attract cheaper rates.

3. Don't insure your home along with the land it is standing on as this will cost you more but very unnecessary. Those who ignorantly do this pay for more insurance than would do them any good. They just insure their home for its full value without deducting the cost of the land.

If you did such ignorantly, you need to review your homeowner insurance coverage and go through it again with your agent. Subtract the land's value and buy coverage only for your home and its contents.

Your rate will be cheaper and you'll still have adequate coverage if you do this right. Bearing in mind that insurance is for valuables that can't afford to lose, insuring the land which can neither get lost or damaged isn't right.

4. The level to which you strengthen your roof could get you a discount. This applies more to you if you reside in the East. You can get advice from your agent on how you can strengthen your roof and receive discounts as a result. Fitting heavier shingles is one way of doing it.

5. Government home insurance policies could really be more expensive than policies from private insurers. It used to be quite hard to get insurers if you live in some high crime areas or places that were affected by certain natural disasters. Some folks in those regions had just one option: Government homeowners insurance sold by a government agency. But this has changed in some areas as some private insurance companies have braved it and found a way of offering insurance to such areas.

Many may still have little or no other means of getting home insurance coverage apart from a government home insurance. Nevertheless, this is not generally the case as you may get better coverage at a lower price from some private insurers.

6. You might save some hundreds of dollars by simply obtaining and comparing quotes from about five insurance quotes sites. And, it will take just about 25 minutes on the whole.

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