Home Insurance

How Reading this Home Insurance Article Can Help You Find a Suitable Home Insurance Company

By  | 

Every home can have variable rates, especially if you’re planning to insure the property. For instance, a home that are detached and constructed from bricks will cost cheaper in insurance premiums than a home constructed with wood and attached to any sides. Also, a three-family home will have higher rates than one individual home, as these pose potential hazards with their stoves, kitchens, water leaks and increased possibilities for human error that may trigger fire.

So, below are few ways on how you can save on home insurance:

  • Always talk to a professional when you want everything covered and if they can give you discounts whenever available. You need to know the process of getting your property insured and how you can avail claims when needed.
  • If your home is a new construction, you will likely pay lower insurance rates.
  • If you have pitched roofs, then you’ll likely pay lower in insurance rates as you are protected more against collapses and leaks.
  • You need to install an alarm system that will automatically alert the police or fire department in case of emergency. Insurance companies provide discounts when you have these installed in your home.
  • If you’re planning to build or buy a new home, ensure that it’s not in a designated flood prone area, or you’ll need to purchase insurance that includes this coverage.
  • Ensure you secure your homes with burglar alarms, fire extinguishers, smoke detectors and deadbolts. This will inform insurance companies that you are protected against burglary or fire.
  • Regularly upgrade your home, especially the plumbing, heating, roof and electrical connections to ensure you get the best coverage with your insurance.
  • If your home has a sprinkler system, it will surely provide a hefty discount as insurance knows you try to provide protection in your home.
  • Insurance only covers the house and its content without including the land. There is no replacement cost included in the land, so ensure you have the entire house covered completely.
  • Increase your deductible let’s say from $500 to $2000, so you get a considerable amount on your insurance. Remember, your insurance is for a catastrophic loss and not foreseeable loss.
  • Your credit history plays an important role when you pay premiums to your insurance companies.
  • If you’re out for a stable insurance coverage, ensure you stick to one company as they can provide you lower rates for patronizing them all these years. They can provide you discounts or loyalty credits especially if you have been with them for the past five or six years.
  • Consider a packaged policy when you want your home, car and anything valuable covered with insurance.
  • Review your policy regularly. You need to ensure your property is insured with the appropriate amount of coverage.
  • Avoid frivolous claims. If you have made any claims within the past five years, this will result to paying higher premium rates. So, try to avoid making claims for smaller losses to avoid higher deductibles.
  • Verify if you can get a discount when you pay a full-year’s premium rate instead of paying installments.

To ensure that you get the best deals of insurance coverage, you can check the Internet for information. See all the possible providers that can give you an honest rate on premiums, ask for their quotes and compare them. Perhaps you may need to read reviews and testimonials. You can also ask people you know like family, neighbors or friends if they can give you references on reputed insurance companies. The best ones will allow you to discuss with their insurance professionals on what insurance coverage you really need for your home or property.

Leave a Reply

3 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
3 Comment authors
Dolly SotoJohnMargaret Paylor Recent comment authors
newest oldest most voted
Notify of
Margaret Paylor
Margaret Paylor

Some top tips here, it is important for a decent home insurance cover as money does matter at the end of the day.


awesome article, thank you! I have no experience when it comes to buying home insurance, and I absolutely need some guidance and help in order to choose the one that suits my needs the most. your tips were very helpful

Dolly Soto
Dolly Soto

Great advice and tips will definitely keep some of these in mind