3 Seemingly Inconsequential Things That May Lower Your Home Insurance Premiums


Are you thinking about buying a home for the first time? Have you been doing your research to make sure that you'll be able to afford everything that goes into owning a home? If you've never owned any real estate before, figuring out what you actually need and what you don't need can feel like a confusing challenge. Of course, you need things like electricity and water but there are other bills that could crop up at any time. Insurance, which is often overlooked initially, is one such bill. Your mortgage lender is going to require that you have insurance on your home for as long as the mortgage exists. Some things that can help you to find the best mortgage for your needs are as follows.

Hidden discounts: Sometimes, you can get a discount on your home insurance for something seemingly minor. Installing extra smoke detectors in the home might reduce the cost of your monthly premiums by a significant amount. Having security screen doors installed if they don't already exist might also be worth the hassle. When talking to the insurance company, it can be worth it to ask them about these types of "hidden" discounts that you wouldn't otherwise know exist.

"Extra" insurance: When shopping for insurance, you may wonder why you should bother paying a few extra dollars a month for things like flood insurance when your home isn't even in a flood zone. What you may not realize is that basic home insurance doesn't always cover things like a fire hydrant breaking and water leaking into your home as a result. That's what flood insurance is for. You may never need to use the extra flood insurance, but it's generally only a few extra dollars a month when you're outside of an area that typically gets flooded, so it can be money well spent.

Correct data: Quotes for home insurance are based primarily on information available in the public record. But this record isn't always completely accurate. If there is a new fire station down the road, the insurance company may not have this added to their records yet. A home that is close to a fire station is going to have lower insurance premiums than one that is miles away from the nearest station. The same may be true if the home itself was recently renovated; a different size or modern construction materials may change the insurance premium costs.

To learn more, contact a home insurance provider.


27 January 2020

Insure Your Vehicle. Insure Your Safety.

In all fifty states, it is mandatory for you to carry liability coverage on your vehicle. It's also a good idea to carry collision and comprehensive coverage. Yet, choosing the right coverage and finding it at an affordable price can be tough. You can shop online, call around, or talk to friends and find out which companies they're purchased coverage through. This website is here to tell you a little more about those processes. We know all about auto insurance, and we're excited to share that knowledge with you. After reading through this information, you'll be able to buy insurance with confidence.